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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of PowerSecure International Inc (NYSE: POWR) acted responsibly on behalf of investors’ profitability in the planned $431 million sale to Southern Company (NYSE: SO).
On February 24, 2016, PowerSecure International Inc (NYSE: POWR) and Southern Company (NYSE: SO) announced that they had entered into a merger agreement. Under the terms of the merger agreement, Southern Company will offer PowerSecure International shareholders $18.75 per share in cash for all outstanding shares
Based in Wake Forest, North Carolina, and founded in 1991 PowerSecure International Inc provides products and services to electric utilities and to their commercial, institutional, and industrial customers.
The investigation is looking to uncover whether PowerSecure International Inc was undervalued at the cost of the shareholders considering one analyst’s opinion of their stock is valued at $21.00 per share.
If you purchased PowerSecure International Inc (NYSE: POWR) prior to February 24, 2016, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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