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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Talen Energy Corp. | NYSE:TLN | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 14.00 | 0 | 00:00:00 |
From Jan 2020 to Jan 2025
NEW YORK, June 3, 2016 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Talen Energy Corporation ("Talen" or the "Company") (NYSE: TLN) (ISIN: US87422J1051) (CUSIP: 87422J105) concerning the proposed acquisition of Talen by Riverstone Holdings LLC.
Talen shareholders seeking more information about this acquisition are advised to contact Robert Willoughby at rswilloughby@pomlaw.com or 212-661-1100 or 888-476-6529, ext. 9980.
[Click here to join a class action]
The investigation concerns whether the Talen directors are breaching their fiduciary duties by failing to adequately maximize shareholder value. Under the terms of the proposed transaction, Talen shareholders will be entitled to receive $14.00 in cash for each share of Talen common stock held.
However, the merger price is below a recent analyst target price of $26.70 per share.
Pomerantz LLP, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz LLP pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz LLP continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of defrauded investors. See www.pomerantzlaw.com.
CONTACT:
Robert Willoughby
Pomerantz LLP
212-661-1100 ext. 9980
rswilloughby@pomlaw.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/shareholder-alert-pomerantz-llp-investigates-claims-that-the-merger-may-not-be-in-the-best-interest-of-investors-of-talen-energy-corporation---tln-300279493.html
SOURCE Pomerantz LLP
Copyright 2016 PR Newswire
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