An investigation for investors in NYSE:TLN shares was announced concerning whether the takeover of Allentwon, PA based Talen Energy Corp. for $14.00 per share is unfair.
Investors who purchased shares of Talen Energy Corp (NYSE:TLN) and currently hold any of those NYSE:TLN shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain Talen Energy directors breached their fiduciary duties owed to NYSE:TLN investors in connection with the proposed acquisition.
On June 3, 2016, Talen Talen Energy Corp announced that it has entered into a merger agreement with affiliates of private investment firm Riverstone Holdings LLC. Under terms of the merger agreement, all outstanding shares of Talen Energy Corp (NYSE:TLN)common stock not currently owned by Riverstone affiliated entities will be acquired for $14.00 per share in cash.
However, given that that at least one analyst has set the high target price for NYSE:TLN shares at $15.00 per share, the investigation concerns whether the offer is unfair to NYSE:TLN stockholders. More specifically, given that Riverstone and its affiliates have already agreed to vote their 35 percent stake in favor of the proposed transaction, the investigation concerns whether the Talen Energy Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders’ best interests in connection with the proposed sale.
On June 10, 2016, NYSE:TLN shares closed at $13.74 per share.
Those who are current investors in NYSE:TLN shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com