|[June 30, 2014]
ENVENTIS CORPORATION (ENVE) SHAREHOLDER ALERT - Andrews & Springer LLC Is Seeking More Cash for Shareholders of Enventis Corporation
WILMINGTON, Del. --(Business Wire)--
& Springer LLC, a boutique securities class action law firm
focused on representing shareholders nationwide, is investigating
potential breach of fiduciary duty claims against the Board of Directors
of Enventis (News - Alert) Corporation ("Enventis" or the "Company") (NASDAQ: ENVE)
relating to the sale of the Company to Consolidated Communications
Holdings, Inc. (NASDAQ: CNSL) ("CCH (News - Alert)"). On June 30, 2014, the two
companies announced the signing of a definitive merger agreement
pursuant to which CCH will acquire Enventis in a merger valued at
roughly $350 million. As a result of the merger, Enventis shareholders
are only anticipated to receive 0.7402 shares of CCH in cash in exchange
for each share of Enventis.
Our investigation focuses on the insufficient consideration that
Enventis shareholders are expected to receive. The 0.7402 fixed exchange
ratio could expose Enventis shareholders to volatility in CCH's stock
price. We are also investigating whether Enventis directors are
breaching their fiduciary duties by failing to adequately shop the
company. Our firm is also investigating the fairness of the sales
process conducted by Waller Capital Securities LLC.
If you own shares of Enventis and want to receive additional information
and protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-investigations/enve
or contact Craig J. Springer, Esq. at firstname.lastname@example.org,
or call toll free at 1-800-423-6013. You may also follow us on LinkedIn (News - Alert)
Twitter (News - Alert) - www.twitter.com/AndrewsSpringer
or Facebook (News - Alert) - www.facebook.com/AndrewsSpringer
for future updates.
Andrews & Springer is a boutique securities class action law firm
representing shareholders nationwide who are victims of securities
fraud, breaches of fiduciary duty or corporate misconduct. Having
formerly defended some of the largest financial institutions in the
world, our founding members use their valuable knowledge, experience,
and superior skill for the sole purpose of achieving positive results
for investors. These traits are the hallmarks of our
innovative approach to each case our Firm decides to prosecute. For
more information please visit our website at www.andrewsspringer.com.
This notice may constitute Attorney Advertising.
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