Investigation into Piedmont Natural Gas Co. Inc. Sale by Kahn Swick & Foti, LLC

Strategic Insights -

Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Piedmont Natural Gas Co. Inc. ("Piedmont" or the "Company") to Duke Energy Corporation. Under the terms of the proposed transaction, shareholders of Piedmont will receive only $60.00 in cash for each share of Piedmont that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.

Key Takeaways:

  • The law firm of Kahn Swick & Foti, LLC is investigating the proposed sale of Piedmont Natural Gas Co. Inc. to Duke Energy Corporation.
  • Shareholders of Piedmont will receive $60.00 in cash for each share of Piedmont they own as part of the proposed transaction.
  • KSF is seeking to determine whether the consideration undervalues the Company and/or if the process that led to it is adequate.
  • Managing Partner Lewis S. Kahn of KSF is available for consultation without obligation or cost to shareholders: (855) 768-1857 or lewis.kahn@ksfcounsel.com.
  • The law firm's partners include the Former Louisiana Attorney General, Charles C. Foti, Jr., Esq.

Statistics:

  • $60.00: the amount of cash shareholders of Piedmont will receive for each share of Piedmont that they own.
  • 1: the number of shares of Piedmont that shareholders will receive in exchange for each share they own.

Sources:

  • Kahn Swick & Foti, LLC press release, October 27, 2015
  • Kahn Swick & Foti, LLC
  • lahsw.gov (former office of the Louisiana Attorney General)
  • prnewswire.com (original version of the press release)