Cleco Investor Alert by Former Louisiana Attorney General Richard P. Ieyoub: Law Offices of Albert M. Myers, LLC Investigates...
30 Oktober 2014 - 1:00PM
Business Wire
Former Attorney General of Louisiana Richard P. Ieyoub and the
Law Offices of Albert M. Myers, LLC (“AMM”) are investigating the
proposed sale of Cleco Corporation (“Cleco”) (NYSE: CNL) to an
investment group led by MacQuarie Infrastructure and Real
Assets.
Cleco announced a definitive merger agreement with the MacQuarie
group on October 20, 2014. Under the agreement, MacQuarie will
acquire all of the outstanding shares of Cleco for $55.37 in cash.
AMM and General Ieyoub, special counsel to the firm, are
investigating whether the proposed sale price provides adequate
value to Cleco shareholders, given the company’s recent earnings
growth. In addition, the investigation concerns the fairness of the
process pursuant to which Cleco entered into the merger, and
whether that process was fair.
If you are a shareholder of Cleco and you have information
relevant to our investigation, and/or if you would like to discuss
your legal rights, you may contact AMM Managing Partner Albert M.
Myers at almyers@almyerslaw.com or call (404) 931-7735.
Richard Ieyoub, special counsel to AMM, was the Attorney General
of the State of Louisiana from 1992 to 2004. General Ieyoub played
a leadership role in litigation on behalf of several states against
major tobacco manufacturers, leading to a landmark settlement in
1998. Albert M. Myers has practiced securities litigation involving
publicly traded companies since 1995. He has been appointed by
numerous courts throughout the country to serve as lead or co-lead
counsel in shareholder class actions and derivative actions.
Paid content. Past results do not guarantee a similar
outcome.
Law Offices of Albert M. Myers, LLCAlbert M. Myers,
404-931-7735Managing Partneralmyers@almyerslaw.com
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