EMPIRE SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces The Investigation Of Empire District Electric Company (EDE) Over The Proposed Sale Of The Company To Algonquin Power & Utilities Corp.

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Empire District Electric Company ("Empire" or the "Company") (NYSE:EDE) for potential breaches of fiduciary duties in connection with the sale of the Company to Algonquin Power & Utilities Corp. for approximately $2.4 billion.

The Company's stockholders will only receive $34.00 in cash for each share of Company common stock they own. However, this consideration offers virtually no premium over the 52-week high.

Click here for more information: www.faruqilaw.com/EDE . There is no cost or obligation to you.

The investigation focuses on whether Empire's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Empire's shareholders.

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. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.

If you own common stock in Empire and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/EDE or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

Attorney Advertising. (C) 2016 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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160219005056/en/

Copyright Business Wire 2010

More from Press Releases

NFL Pushes for Regulation Following Supreme Court's Sports Gambling Ruling

NFL Pushes for Regulation Following Supreme Court's Sports Gambling Ruling

21st Century Fox Scoops Up Local News Stations

21st Century Fox Scoops Up Local News Stations

Walmart CEO: 'We Are Transforming Globally' With Flipkart

Walmart CEO: 'We Are Transforming Globally' With Flipkart

Three-Part FREE Webinar Series

Three-Part FREE Webinar Series

March 24 Full-Day Course Offering: Professional Approach to Trading SPX

March 24 Full-Day Course Offering: Professional Approach to Trading SPX