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If you purchased shares of Avista Corp (NYSE:AVA) and currently hold any of those NYSE:AVA shares, you have certain options and you should contact the Shareholders Foundation, Inc.
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To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Investigation Overview
July 31, 2017 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Avista Corp (NYSE:AVA), was announced concerning whether the takeover of Avista. by Hydro One Limited is unfair to NYSE:AVA stockholders.
The investigation by a law firm concerns whether certain officers and directors of Avista Corp breached their fiduciary duties owed to NYSE:AVA investors in connection with the proposed acquisition.
On July 19, 2017, Hydro One Limited (TSX:H) and Avista Corp (NYSE:AVA) jointly announced a merger agreement under which Hydro One will acquire Avista Corp (NYSE:AVA) for C$67 (US$53) per share in a C$6.7 billion (US$5.3 billion) all-cash transaction.
However, the investigation concerns whether the offer is unfair to NYSE:AVA stockholders. More specifically, the investigation concerns whether the Avista 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.
