BALA CYNWYD, PA / ACCESSWIRE / July 10, 2017 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Hawaiian Telcom Holdco, Inc. ("Hawaiian Telcom" or "the Company") (NASDAQ- HCOM-News) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to Cincinnati Bell.
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Under the terms of the transaction, Hawaiian Telcom shareholders will receive only $30.75 in cash, or 1.6305 shares of Cincinnati common stock, or a mix of $18.45 in cash and 0.6522 shares of Cincinnati Bell for each share of Hawaiian Telcom stock they own. The investigation concerns whether the Board of Hawaiian Telcom breached their fiduciary duties to shareholders and whether Cincinnati Bell is underpaying for the Company. The transaction may undervalue the Company and would result in no real gain for many long-term holders of Hawaiian Telcom stock. For example, shares of Hawaiian Telcom stock have traded at $30.33 per share and an analyst has set a price target for Hawaiian Telcom stock at $35.00 per share.
If you own shares of Hawaiian Telcom stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://www.brodskysmith.com/cases/hawaiian-telcom-holdco-inc/, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE: Brodsky & Smith, LLC