NEW YORK, Oct. 13, 2016 /PRNewswire/ -- WeissLaw LLP is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of Gas Natural Inc.
("EGAS" or the "Company") in connection with the proposed
acquisition of the Company by First Reserve Energy Infrastructure
("First Reserve"). On October10, 2016, the Company announced
that it had reached a definitive agreement for First Reserve to
acquire all outstanding shares of EGAS in a transaction valued at
approximately $196
million. Under the terms of the agreement, EGAS
shareholders will receive $13.10 in
cash for each EGAS share they own.
WeissLaw is investigating whether EGAS's Board acted to maximize
shareholder value prior to entering into the
agreement. Notably, the Company recently announced positive
financial results for the second quarter of fiscal year
2016. On August 9, EGAS reported
"[r]evenue for the 2016 second quarter increased approximately 6%
over the prior-year quarter."
Given these facts, WeissLaw is investigating whether EGAS's
Board acted in the best interests of EGAS's public shareholders to
maximize shareholder value prior to entering into the
agreement. If you own EGAS shares and would like more
information about your rights or our investigation, or if you have
information to share with us, please contact Joshua Rubin by telephone at
(888) 593-4771 or by email at
stockinfo@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for defrauded
clients and obtained important corporate governance relief in many
of these cases. If you have information or would like legal
advice concerning possible corporate wrongdoing (including insider
trading, waste of corporate assets, accounting fraud, or materially
misleading information), consumer fraud (including false
advertising, defective products, or other deceptive business
practices), or anti-trust violations, please email us at
stockinfo@weisslawllp.com or fill out the form on our
website,
http://www.weisslawllp.com/contact/report_fraud/.
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SOURCE WeissLaw LLP