Kirby McInerney LLP is investigating potential claims against the Board of Directors of Energy
, Inc. (“Energy
” or the “Company”) (ES) related to the proposed acquisition of the Company by a subsidiary of Energy Capital Partners II, LLC (“ECP”). Under the terms of the proposal, ECP will acquire all of the outstanding common stock of Energy
for $3.75 per share in cash, in a transaction with an enterprise value of approximately $1.1 billion.
The investigation concerns whether the Energy
Board of Directors is violating its fiduciary duties in connection with this proposal and whether the $3.75 per share consideration adequately values Energy
common shares. The offer price represents a mere 20% premium to the share price on January 4, 2013, the day before the transaction was announced, and the median analyst target for the stock is $4.50.
If you are an Energy
shareholder and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at
, or by telephone at (212) 699-1145 or (888) 529-4787 or
fill out a contact form
Kirby McInerney LLP is a New York-based law firm concentrating in securities, shareholder, whistleblower, antitrust and consumer litigation. For additional information, please go to