INVESTOR ALERT: The Law Office of Jack Stuart Beige & Associates, P.C. Announces Investigation of Pepco Holdings, Inc. Buyout Proposal
SMITHTOWN, NY, May 1, 2014:
The Law Office of Jack Stuart Beige & Associates, P.C. announces that it is investigating the Board of Directors of Pepco Holdings, Inc.(“Pepco”) (NYSE: POM) for possible breaches of fiduciary duties and other violations of law in connection with Pepco’s agreement to be acquired by Exelon Corporation (“Exelon”)(NYSE: EXE), in a transaction valued at approximately $6.8 billion.
Under the terms of the agreement, public shareholders of Pepco will receive $27.25 per share in cash for each share of Pepco they own.
The investigation concerns whether Pepco’s Board of Directors breached its fiduciary duties to stockholders, whether the proposed consideration to be paid to Pepco’s stockholders would be fair and adequate, and whether Pepco is acting in its stockholders’ best interests.