Tripp Levy PLLC investigating the acquisition of Pepco Holdings Inc.
April 30, 2014
New York, New York
Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of Pepco Holdings Inc. (POM) on behalf of its shareholders. Exelon Corporation (EXC) and Pepco announced that they have signed a merger agreement under which Exelon will acquire all the outstanding common stock of Pepco for $27.25 per share in cash.
The investigation concerns whether the senior management and board of directors of Pepco breached their fiduciary duties to shareholders by not engaging in a full and fair process and auction to insure that its shareholders received the maximum value for their shares while not obtaining personal benefits for their own in self-interests not being shared with other shareholders.