MILWAUKEE, Aug. 28, 2019 /PRNewswire/ -- Ademi & O'Reilly, LLP is investigating EEI (Nasdaq: EEI) for possible breaches of fiduciary duty and other violations of the law in connection with the sale of EEI to WSP.
Click here to learn how to join the action: http://ademilaw.com/case/ecology-and-environment-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Ademi & O'Reilly, LLP alleges EEI's financial outlook is improving and yet shareholders will receive only $15.00 in cash, and a special dividend of up to $0.50, for each share of Class A and Class B common stock they own. WSP is acquiring EEI at a substantial discount. The merger agreement unreasonably limits competing bids for EEI by prohibiting solicitation of further bids, and imposing a termination penalty if EEI accepts a superior bid. EEI insiders will receive millions of dollars as part of change of control arrangements. We are investigating the conduct of EEI's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for EEI.
If you own common stock in EEI and wish to obtain additional information, please contact Guri Ademi either at gademi@ademilaw.com or toll-free: 866-264-3995, or http://ademilaw.com/case/ecology-and-environment-inc.
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Guri Ademi
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SOURCE Ademi & O'Reilly, LLP
