NEW YORK, Dec. 24, 2013 (GLOBE NEWSWIRE) -- Levi & Korsinsky notifies investors of UNS Energy Corporation ("UNS") (NYSE:UNS) of claims of breaches of fiduciary duty and other violations of state law against the board of directors of the Company in connection with the sale of the Company to Fortis Inc. A complaint was filed in Arizona state court.
Click here to learn more about the action http://zlk.9nl.com/uns-energy-uns/, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of transaction, UNS shareholders will receive $60.25 in cash for each share of UNS stock they own. The transaction has a total approximate value of $4.3 billion, including the assumption of debt. The claims concern whether the UNS Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Fortis Inc. is underpaying for UNS shares.
If you own UNS common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/uns-energy-uns/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.