GenOn Energy, Inc. (GEN) Is Investigated By Faruqi & Faruqi, LLP For Potential Breaches Of Fiduciary Duties
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of GenOn Energy, Inc. (“GenOn” or the “Company”) (NYSE: GEN) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to NRG Energy, Inc. (“NRG”) (NYSE: NRG) in a stock-for-stock deal valued at approximately $1.7 billion. Under the terms of the proposed transaction, GenOn stockholders will receive 0.1216 of NRG share for each share of GenOn common stock they own. The agreement values the proposed consideration at approximately $2.37 a share based on NRG’s Monday’s close, while according to Yahoo! Finance, at least one financial analyst has set a price target of $4.50 for GenOn.
Request more information now by clicking here: www.faruqilaw.com/GEN . There is no cost or obligation to you.
Whether GenOn’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether the proposed transaction undervalues GenOn’s shares and by how much this proposed transaction undervalues the Company to the detriment of GenOn’s shareholders are the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.If you own common stock in GenOn and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/GEN or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330. Attorney Advertising. (C) 2012 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV