On or around 01/05/2016 (Other)
Filing Date: September 17, 2015
According to the Complaint, on August 23, 2015, AGL entered into an Agreement and Plan of Merger (the “Merger Agreement”) pursuant to which Southern will acquire AGL in a transaction valued at approximately $12 billion, after which AGL will merge into a Southern controlled entity.
The Complaint alleges Defendants are seeking shareholder approval of the Proposed Transaction via a materially false and misleading Schedule 14A (the “Proxy”) filed by the Company with the SEC on September 11, 2015. The Proxy omits and misrepresents material information about, among other things, the events leading up to the Board’s approval of the Merger Agreement and the financial analysis performed by the Company’s financial advisor. These material facts must be disclosed in order for shareholders to make a fully-informed vote on the Proposed Transaction.
This case was voluntarily dismissed on January 4, 2016.
Company & Securities Information
Defendant: AGL Resources, Inc.
Industry: Natural Gas Utilities
Headquarters: United States
Ticker Symbol: GAS
Company Market: New York SE
Market Status: Public (Listed)
About the Company & Securities Data
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First Identified Complaint
Patrick Baker, et al. v. AGL Resources, Inc., et al.