PR Newswire
SAN DIEGO, July 20, 2017
SAN DIEGO, July 20, 2017 /PRNewswire/ -- Shareholder rights law
firm Johnson & Weaver, LLP (J&W) has launched an investigation into whether the board members of Avista Corporation
(NYSE: AVA) ("Avista") breached their fiduciary duties in connection with the proposed sale of the Company to Hydro One Limited
("Hydro One"). Avista operates as an electric and natural gas utility company.
On July 19, 2017, Avista announced that it had signed a definitive merger agreement with Hydro
One. Terms of the deal call for shareholders to receive $53 per share for each share of Avista
stock they own.
The investigation concerns whether the Avista board failed to satisfy its duties to the Company shareholders, including
whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for
Avista shares of common stock. Nationally recognized Johnson & Weaver is investigating whether the proposed deal price
represents adequate consideration.
If you are a shareholder of Avista and believe the proposed buyout price is too low or you're interested in learning more
about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker
(jimb@johnsonandweaver.com) at
619-814-4471.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm
represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.
Contact:
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com
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SOURCE Johnson & Weaver, LLP