Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of SCANA Corporation to Dominion Energy, Inc. (NYSE: D). Under the terms of the agreement, SCANA shareholders will receive 0.6690 shares of Dominion Energy for each share of SCANA stock they own. This represents a value of approximately $55.35 per share.
The investigation concerns whether the Board of SCANA breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Dominion Energy is underpaying for SCANA shares, thus unlawfully harming SCANA shareholders.
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