NEW YORK,
June 26, 2017 /PRNewswire/ --
WeissLaw LLP is investigating possible breaches of fiduciary duty
and other violations of law by the Board of Directors of EnerNOC,
Inc. ("ENOC" or the "Company") (NASDAQ: ENOC) in connection with
the proposed acquisition of the Company by the Enel
Group ("Enel"). Under the terms of the
acquisition agreement, the Company's shareholders will receive
$7.67 in cash for each ENOC share
they own.
WeissLaw is investigating whether ENOC's
Board acted to maximize shareholder value prior to entering
into the agreement. Notably, at least one analyst set a
target price of $11.00, or 30% above
the offer price. Additionally, in a recent earnings call,
Timothy Healy, the Company's CEO,
announced that ENOC's "first quarter financial results ha[d] a nice
pace for 2017." He highlighted that the Company had seen
adjusted EBITDA improve by $30
million, or 47%, year-over-year while reducing operating
expenses by 36% and delivering similar revenues after accounting
for business lines divested in 2016.
Given these facts, WeissLaw is investigating whether
ENOC's Board acted in the best interests of ENOC's public
shareholders to maximize shareholder value prior to entering into
the agreement. If you own ENOC shares and would like more
information about your rights or our investigation, or
if you have information to share with us, please contact
Joshua Rubin by
telephone at (888) 593-4771 or by email at
stockinfo@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class
and derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com or fill out the form
on our website,
http://www.weisslawllp.com/enernoc-inc/
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SOURCE WeissLaw LLP