NEW YORK, June 03, 2019 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased El Paso Electric Company (“El Paso” or the “Company”) (NYSE: EE) stock prior to June 3, 2019.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of El Paso to the Infrastructure Investments Fund, an Investment Vehicle Advised by J.P. Morgan Investment Management Inc. Under the terms of the deal, the shareholders of El Paso will receive $68.25 per share in cash for each share of El Paso they own. To learn more about the action and your rights, go to:
https://www.zlk.com/mna/el-paso-electric-company
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
The El Paso merger investigation concerns whether the Board of El Paso breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether the Infrastructure Investments Fund is underpaying for El Paso shares, thus unlawfully harming El Paso shareholders.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com