Faruqi & Faruqi Investigation: TECO Energy, Inc.
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of TECO Energy, Inc. (“TE” or the “Company”) (NYSE:TE) for potential breaches of fiduciary duties in connection with the sale of the Company to Emera Inc. for approximately $10.4 billion in a cash transaction.
The Company’s stockholders will only receive $27.55 for each share of Company common stock they own. However, the offer is below at least one analyst’s price target of $28.00 per share.
If you own common stock in TECO and wish to obtain additional information and protect your investments free of charge, please contact F&F's Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.