SureWest Communications : The Law Firm of Weiss & Lurie Investigates SureWest Communications
02/07/2012| 10:55am US/Eastern
Weiss & Lurie, a national class action and shareholder rights law firm
with offices in New York City and Los Angeles, is investigating possible
breaches of fiduciary duty and other violations of law by the Board of
Directors of SureWest Communications (Nasdaq:SURW) arising from its
agreement for the Company to be acquired by Consolidated Communications
Holdings, Inc. (Nasdaq:CNSL).
Under the acquisition agreement, shareholders may elect to exchange each
share of SureWest for either $23.00 in cash or the equivalent value in
shares of Consolidated Communications stock based on the average trading
price for the 20-day period ending two days before the closing of the
acquisition. Overall stock and cash elections are subject to proration
such that 50 percent of the SureWest shares will be exchanged for cash
and 50 percent for stock.
Weiss & Lurie is investigating whether SureWest's Board acted in the
best interests of SureWest shareholders in approving this deal. In
approving the deal, the Board may have breached its duties to
shareholders by failing to properly maximize the value of SureWest's
shares, such as by providing a level playing field to competing bidders
or by considering alternative transactions.
If you own SureWest shares and would like more information about your
rights as a shareholder or additional information concerning our
investigation, please contact Julia J. Sun either by email at firstname.lastname@example.org
or by telephone at (888) 593-4771.
Weiss & Lurie 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 institutions and
individuals and obtained important corporate governance in 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 issuing materially misleading information),
consumer fraud (including false advertising, defective products, or
other deceptive business practices), or anti-trust violations, please
email us at email@example.com
or fill out the form on our website, http://www.weisslurie.com/contact/report_fraud/.
Attorney Advertising. Past results do not guarantee a similar outcome.
Weiss & Lurie
Julia J. Sun, Esq.
1500 Broadway, 16th
New York, NY 10036
© Business Wire 2012