March 3, 2015 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of UIL Holdings Corporation (NYSE:UIL), was announced concerning whether the takeover of UIL Holdings Corporation by Iberdrola USA for a value of $52.75 per share is unfair to NYSE:UIL stockholders.

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

On February 25, 2015, Iberdrola USA and UIL Holdings Corporation (NYSE:UIL) announced that they have entered into an agreement under which Iberdrola USA will acquire UIL Holdings Corporation (NYSE:UIL) and create a newly listed U.S. publicly-traded company. The proposed transaction implies total value per share to UIL Holdings Corporation (NYSE:UIL) shareholders of $52.75.

However, the investigation concerns whether the offer is unfair to NYSE:UIL stockholders. More specifically, the investigation concerns whether the UIL Holdings 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.

UIL Holdings Corporation reported that its annual Total Revenue rose from over $1.48 billion in 2012 to over $1.61 billion in 2013 and that its respective Net Income increased from $103.70 million to $115.32 million.

Shares of UIL Holdings Corporation (NYSE:UIL) grew from $34.72 per share in August 2014 to as high as $47.36 per share in late January 2015.