Mon, April 2, 2012
Sun, April 1, 2012
Sat, March 31, 2012
Fri, March 30, 2012
Thu, March 29, 2012
[ Thu, Mar 29th 2012 ] - Market Wire
Mortgage Rates Pull Back
Wed, March 28, 2012
[ Wed, Mar 28th 2012 ] - Market Wire
LifeSize????????????40????????
Tue, March 27, 2012
[ Tue, Mar 27th 2012 ] - Market Wire
Don't Be an April Fool
Mon, March 26, 2012
[ Mon, Mar 26th 2012 ] - Market Wire
30 p.m. ET

Law Firm Brower Piven Announces Investigation in Connection With Comverge, Inc. Buyout


//science-technology.news-articles.net/content/2 .. tion-in-connection-with-comverge-inc-buyout.html
Published in Science and Technology on Wednesday, March 28th 2012 at 9:55 GMT by Market Wire   Print publication without navigation


STEVENSON, Md.--([ ])--The law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of Comverge, Inc. (Nasdaq: COMV) (aComvergea) and other violations of state law by the board of directors of Comverge relating to the proposed buyout of the company by Peak Merger Corp. (aPeaka), an affiliate of H.I.G. Capital, LLC, a private investment firm. The firmas investigation seeks to determine, among other things, whether the board breached its fiduciary duties by failing to maximize shareholder value.

On March 26, 2012, Comverge announced that it had entered into an agreement providing for Peak to acquire Comverge for approximately $49 million. Under the terms of the buyout transaction, Comverge shareholders will receive $1.75 for each share of Comverge common stock held. However, according to Yahoo! Finance, the median analyst price target is $2.50 per share, with at least one analyst setting a high target of $8.65.

If you currently own shares of Comverge and would like to learn more about the investigation being conducted by Brower Piven, you may email or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at [ hoffman@browerpiven.com ], by calling (410) 415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and other class action cases of over 60 years.


Publication Contributing Sources