NV Energy Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to MidAmerican
May 30th 2013 4:19PM
Updated May 30th 2013 4:40PM
NV Energy Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to MidAmerican Energy
DALLAS--(BUSINESS WIRE)-- Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of NV Energy, Inc. ("NVE") (NYS: NVE) to MidAmerican Energy Holdings Co., a subsidiary of Berkshire Hathaway Inc., for shareholders. Under the terms of the proposed sale, NVE shareholders will receive only $23.75 in cash for each share of NVE stock owned, below at least one analyst's estimated value of $24.00 per share.
If you are an affected investor, and you want to learn more about the lawsuit or join the action, please contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, via email at WBriscoe@TheBriscoeLawFirm.com or Zach Groover at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at email@example.com. There is no cost or fee to you.
The NVE sale investigation centers on whether NVE's shareholders are receiving adequate compensation for their shares in the proposed deal, whether the transaction undervalues NVE's stock, and whether NVE's board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. Notably, at least one analyst with Yahoo! Finance estimates that the true inherent value of NVE stock could be as high as $24.00 per share. According to shareholder rights attorney Willie Briscoe, "due to the size of the deal, the lack of a significant premium and other factors, we believe this transaction may undervalue NVE's stock. Our proposed lawsuit will seek to obtain the highest share price for all shareholders."
The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
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