July 13, 2017 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of EnerNOC, Inc. (NASDAQ:ENOC), was announced concerning whether the takeover of EnerNOC, Inc. (NASDAQ:ENOC. by Enel Group for $7.67 per share is unfair to EnerNOC, Inc. (NASDAQ:ENOC stockholders.

The investigation by a law firm concerns whether certain officers and directors of EnerNOC, Inc. (NASDAQ:ENOC breached their fiduciary duties owed to EnerNOC, Inc. (NASDAQ:ENOC investors in connection with the proposed acquisition.

On June 22, 2017, EnerNOC, Inc. (NASDAQ:ENOC) announced today that it has entered into an agreement to be acquired by the Enel Group. Under the terms of the agreement, the Enel Group, through its subsidiary Enel Green Power North America, Inc. will purchase EnerNOC for $7.67 per share in an all-cash transaction valuing the Company at over $300M, including EnerNOC's net debt.

However, given that at least one analyst has set the high target price of NASDAQ:ENOC shares at $10.00 per share, the investigation concerns whether the offer is unfair to EnerNOC, Inc. (NASDAQ:ENOC stockholders. More specifically, the investigation concerns whether the EnerNOC, Inc. (NASDAQ:ENOC 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.