August 28, 2015 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of AGL Resources Inc. (NYSE:GAS), was announced concerning whether the takeover of AGL Resources Inc. by Southern Company for $66 per share is unfair to NYSE:GAS stockholders.

The investigation by a law firm concerns whether certain officers and directors of AGL Resources Inc. breached their fiduciary duties owed to NYSE:GAS investors in connection with the proposed acquisition.

On August 24, 2015, Southern Company (NYSE:SO) and AGL Resources Inc. (NYSE:GAS) announced that the boards of directors of both companies have approved a definitive merger agreement. Under the terms of the agreement, AGL Resources shareholders will be entitled to receive $66 in cash for each share of AGL Resources common stock.

However, the investigation concerns whether the offer is unfair to AGL Resources Inc. (NYSE:GAS stockholders. More specifically, the investigation concerns whether the AGL Resources Inc. (NYSE:GAS 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.

AGL Resources Inc. reported that its annual Total Revenue rose from over $2.33 billion in 2011 to over $5.38 billion in 2014 and that its respective Net Income increased from $172.00 million to $482.00 million. Shares of AGL Resources Inc. (NYSE:GAS) grew from $36.94 per share in June 2012 to as high as $57.51 per share in January 2015.