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EQUITY ALERT: The Rosen Law Firm Announces Investigation of Hawaiian Electric Industries Concerning its Proposed Sale to NextEra Energy - HEThe Rosen Law Firm announces that it is investigating the Board of Directors of Hawaiian Electric Industries, Inc. (NYSE:HE) for possible breaches of fiduciary duty and other violations of law by failing to adequately shop Hawaiian Electric Industries to maximize shareholder value before agreeing to be acquired by NextEra Energy, Inc. (NYSE:NEE). If you would like to join the action, go to http://rosenlegal.com/cases-454.html or contact Phillip Kim or Kevin Chan, toll-free at 866-767-3653, or via e-mail at [email protected] or [email protected]. There is no cost or obligation to you. Under the terms of the proposed transaction, shareholders will receive 0.2413 NextEra Energy shares and a one-time special cash dividend payment of 50 cents for each share of Hawaiian Electric Industries they own. In addition, Hawaiian Electric Industries will spin off ASB (News - Alert) Hawaii into a separate publicly traded company. This equates to approximately $33.50 per Hawaiian Electric Industries share. The proposed transaction is valued at approximately $4.3 billion. The investigation relates to whether the proposal is fair to the public shareholders of Hawaiian Electric Industries and whether Hawaiian Electric Industries' Board breached its fiduciary duties in connection with the proposed sale. If you currently own shares of Hawaiian Electric Industries and wish to obtain additional information, please visit the website at http://rosenlegal.com/cases-454.html. You may also contact Phillip Kim or Kevin Chan of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at [email protected] or [email protected]. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Attorney Advertising. Prior results do not guarantee a similar outcome.
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