Levi & Korsinsky, LLP Investigates Possible Breach of Fiduciary Duty by the Board of Maine & Maritimes Corporation - MAM
12 Março 2010 - 2:22PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Maine & Maritimes Corporation (“MAM” or the “Company”) (AMEX:
MAM) for possible breaches of fiduciary duty and other violations
of state law in connection with their attempt to sell the Company
to Emera Inc. ("Emera"). Under the terms of the proposed
transaction, MAM shareholders will receive $45.00 in cash for each
share of MAM they own.
The investigation concerns whether the MAM Board of Directors
breached their fiduciary duties to MAM stockholders by failing to
adequately shop the Company before entering into this transaction
and whether Emera is underpaying for MAM shares, thus unlawfully
harming MAM stockholders. In particular, at least one analyst has
set a price target for MAM stock at $54.00 per share.
If you own common stock in MAM and wish to obtain additional
information, please contact us at the number listed below or visit
http://www.zlk.com/mam1.html.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation.
Maine & Maritimes Corp. (AMEX:MAM)
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