SAN DIEGO, June 3, 2016 /PRNewswire/ -- Shareholder rights
law firm Johnson & Weaver, LLP has launched an investigation
into whether the board members of Talen Energy Corporation (NYSE:
TLN) breached their fiduciary duties in connection with the
proposed sale of the Company to Riverstone Holdings LLC.
Additional Information:
Talen operates as an energy and power generation and marketing
company in North America.
On June 3, 2016, Talen announced
it had signed a definitive merger agreement with Riverstone. Under
the terms of the agreement, Talen stockholders will receive
$14.00 per share in cash.
The investigation concerns whether the Talen board failed to
satisfy their duties to the Company shareholders, including whether
the board adequately pursued alternatives to the acquisition and
whether the board obtained the best price possible for Talen shares
of common stock. Nationally recognized Johnson & Weaver is
investigating whether the proposed deal price represents adequate
consideration; especially given that the price target for
one Wall Street analyst is $15.00.
The 52 week high for Talen stock is $20.25.
If you are a shareholder of Talen and believe the proposed
buyout price is too low or you're interested in learning more about
the investigation or your legal rights and remedies, please contact
lead analyst Jim Baker
(jimb@johnsonandweaver.com) at 619-814-4471. If emailing, please
include a phone number where you can be reached.
About Johnson & Weaver, LLP:
Johnson &
Weaver, LLP is a nationally recognized shareholder rights law firm
with offices in California,
New York and Georgia. The firm represents individual and
institutional investors in shareholder derivative and securities
class action lawsuits. For more information about the firm and its
attorneys, please visit http://www.johnsonandweaver.com. Attorney
advertising. Past results do not guarantee future outcomes.
Contact:
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com
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SOURCE Johnson & Weaver, LLP
