NEW ORLEANS, Oct. 25, 2014 /PRNewswire/ -- Former
Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the
Louisiana-based law firm of Kahn
Swick & Foti, LLC ("KSF") are investigating the proposed sale
of Cleco Corporation ("Cleco" or the "Company") (NYSE: CNL), a
Louisiana incorporated and located
company, to a group of North American long-term infrastructure
investors led by Macquarie Infrastructure and Real Assets (MIRA)
and British Columbia Investment Management Corporation (bcIMC),
together with John Hancock Financial and other infrastructure
investors. Under the terms of the proposed
transaction, shareholders of Cleco will receive only $55.37 in cash for each share of Cleco common
stock that they own. KSF is seeking to determine whether this
consideration and the process that led to it are adequate, or
whether the consideration undervalues the Company.
If you believe that this transaction undervalues the Company
and/or if you would like to discuss your legal rights regarding the
proposed sale, you may, without obligation or cost to you, e-mail
or call KSF Managing Partner Lewis S. Kahn
(lewis.kahn@ksfcounsel.com) or associate Michael J. Palestina
(michael.palestina@ksfcounsel.com) toll free at any time at
855-768-1857.
To learn more about KSF, whose partners include the Former
Louisiana Attorney General, visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
206 Covington St.
Madisonville, LA 70447
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SOURCE Kahn Swick & Foti, LLC