An investigation for investors in NYSE:STR shares was announced concerning the takeover of Questar Corporation. by Dominion Resources, Inc .
Salt Lake City, UT based Questar Corporation is an integrated natural gas holding company that develops, produces and delivers clean energy in the Rockies, North America.
Investors who purchased shares of Questar Corporation (NYSE:STR) and currently hold any of those NYSE:STR shares have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain officers and directors of Questar Corporation breached their fiduciary duties owed to NYSE:STR investors in connection with the proposed acquisition.
On February 1, 2016, Dominion Resources, Inc. and Questar Corporation (NYSE:STR) announced an agreement for the companies to combine, in an all-cash transaction in which Dominion has agreed to pay Questar shareholders $25 per share – about $4.4 billion – and assume Questar’s outstanding debt.
However, given that at least one analyst has set the high target price for NYSE:STR shares at $26.00 per share, the investigation concerns whether the offer is unfair to NYSE:STR stockholders. More specifically, the investigation concerns whether the Questar Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders’ best interests in connection with the proposed sale.
Questar Corporation reported that while its annual Total Revenue declined from over $1.22 billion in 2013 to over $1.18 billion in 2014 its respective Net Income increased from $161.20 million to $226.50 million,
On February 12, 2016, NYSE:STR shares closed at $24.93 per share.
Those who are current investors in Questar Corporation (NYSE:STR) shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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