An investigation on behalf of investors in NYSE:CPGX in connection with the proposed takeover was announced and NYSE:CPGX stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 04/05/2016 -- An investigation for shareholders in Columbia Pipeline Group Inc (NYSE:CPGX) was announced concerning whether the buyout of Columbia Pipeline Group Inc by TransCanada Corporation for $25.50 per share is unfair.
Investors who purchased shares of Columbia Pipeline Group Inc (NYSE:CPGX) and currently hold any of those NYSE:CPGX shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of Columbia Pipeline Group Inc breached their fiduciary duties owed to NYSE:CPGX investors in connection with the proposed acquisition.
On March 17, 2016, Columbia Pipeline Group, Inc. (NYSE: CPGX) announced that it has entered into an agreement to be acquired by TransCanada Corporation for $25.50 per share in cash.
However, given that NYSE:CPGX shares traded in in June 2015 as high as $33.00 per share, the investigation concerns whether the offer is unfair to NYSE:CPGX stockholders. More specifically, the investigation concerns whether the Columbia Pipeline Group Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
On April 1, 2016, NYSE:CPGX shares closed at $25.08 per share.
Those who are current investors in Columbia Pipeline Group Inc (NYSE:CPGX) shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com