NEW YORK, July 10, 2017 /PRNewswire/ -- Harwood Feffer LLP
(www.hfesq.com) is investigating potential claims against the board
of directors of Hawaiian Telcom Holdco, Inc. ("Hawaiian Telcom" or
the "Company") (NASDAQ: HCOM) concerning the proposed acquisition
of the Company by Cincinnati Bell.
Under the terms of the offer, Cincinnati Bell would acquire
Hawaiian Telcom in a transaction valued at approximately
$650 million. Pursuant to the
deal, Hawaiian Telcom stockholders will receive their election of
$30.75 in cash, 1.6305 shares of
Cincinnati Bell common stock, or a mix of $18.45 in cash and 0.6522 shares of Cincinnati
Bell common stock for each share of Hawaiian Telcom owned. At
least one Wall Street analyst has set a target price for Hawaiian
Telcom stock of $35.00 per share.
Our investigation concerns whether the Hawaiian Telcom board of
directors is fulfilling its fiduciary duties, maximizing the value
of the Company, disclosing all material benefits and costs, and
obtaining full and fair consideration for Company
stockholders.
If you own Hawaiian Telcom shares and wish to discuss this
matter with us, or have any questions concerning your rights and
interests with regard to this matter, please contact:
Benjamin I. Sachs-Michaels,
Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been
representing individual and institutional investors for many years,
serving as lead counsel in numerous cases in federal and state
courts. Please visit the Harwood Feffer LLP website
(http://www.hfesq.com) for more information about the firm.
Attorney Advertising. The law firm responsible for this
advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results
do not guarantee or predict a similar outcome with respect to any
future matter.
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SOURCE Harwood Feffer LLP