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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of TECO Energy Inc (NYSE: TE) acted responsibly on behalf of investors’ profitability in the planned $10.4 billion sale to Emera Inc.
On September 4, 2015, TECO Energy Inc (NYSE: TE) and Emera Inc announced that they had entered into a merger agreement. Under the terms of the merger agreement, TECO Energy shareholders will receive US$27.55 per share in cash.
Based in Tampa, FL, and founded in 1899, TECO Energy Inc is an electric and gas utility holding company that generates, purchases, transmits, distributes, and sells electric energy to retail customers, as well as to utilities and other resellers of electricity in West Central Florida.
The investigation focuses on whether NYSE: TE investors received the highest price and whether the directors of TECO Energy Inc acted in the best interest of TECO Energy Inc company and its shareholders.
If you purchased ECO Energy Inc (NYSE: TE) prior to September 4, 2015, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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