The securities litigation law firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches of
fiduciary duty and other violations of state law by the Board of
Directors of World Energy Solutions, Inc. (“World Energy” or the
“Company”) (Nasdaq: XWES) relating to the proposed buyout of the Company
by EnerNOC, Inc. (“EnerNOC”).
On November 4, 2014, World Energy announced that it had entered into an
agreement to be acquired by EnerNOC, Inc. Under the terms of the
transaction, World Energy shareholders are anticipated to receive $5.50
in cash for each share of World Energy common stock they own.
The firm’s investigation seeks to determine, among other things, whether
World Energy’s Board of Directors failed to satisfy their duties to the
Company’s shareholders, including whether the board adequately pursued
alternatives to the acquisition and whether the board obtained the best
price possible for the Company’s shares of common stock. In particular,
according to Yahoo! Finance, at least one Wall Street analyst has
issued a price target for World Energy stock at $7.00 per share.
If you currently own common stock of World Energy and would like to
learn more about the investigation being conducted by Brower Piven,
without cost or obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html.
You may also request more information by contacting Brower Piven either
by email at hoffman@browerpiven.com
or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating
securities and other class action cases and have been advocating for the
rights of shareholders since the 1980s.
Copyright Business Wire 2014