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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Vectren Corporation (NYSE: VVC) to CenterPoint Energy, Inc. (NYSE: CNP) for $72.00 per share.
The investigation concerns whether the Board of Vectren breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether CenterPoint Energy, Inc. is underpaying for Vectren shares, thus unlawfully harming Vectren shareholders. In particular, at least one analyst set a price target of $75.00 per Vectren share.
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