Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of Hawaiian Electric Industries, Inc. Stockholders

NEW YORK--()--Kirby McInerney LLP is investigating potential claims against Hawaiian Electric Industries, Inc. (“HEI” or the “Company”) (NYSE:HE) concerning the proposed acquisition of the Company by NextEra Energy, Inc. (“NextEra”) (NYSE:NEE). Additionally, and contingent upon the completion of the proposed transaction, HEI announced a plan to spin off ASB Hawaii, the parent company of American Savings Bank, to HEI shareholders and establish it as an independent publicly traded company.

Under the terms of the definitive agreement, HEI stockholders are expected to receive a total value estimated at $35.50 per share, consisting of a one-time cash dividend payment of $0.50 and 0.2413 shares of NextEra common stock for each share of HEI common stock they own, and approximately $8.00 per share of ASB Hawaii. The transaction is valued at approximately $2.60 billion.

The investigation concerns whether the HEI Board of Directors violated its fiduciary duties by agreeing to the proposed transaction and whether the proposed consideration adequately values the Company’s common stock.

If you are a HEI stockholder and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at bwalker@kmllp.com, or telephone at (212) 699-1145, Melissa Fortunato, Esq. by email at mfortunato@kmllp.com, or telephone at (212) 699-1141, or toll free at (888) 529-4787, or by filling out this contact form. There is no cost or obligation to you.

Kirby McInerney LLP is a New York-based law firm concentrating in securities, whistleblower, antitrust and consumer litigation. For additional information, please go to www.kmllp.com.

Contacts

Kirby McInerney LLP
J. Brandon Walker, Esq., 212-699-1145
bwalker@kmllp.com
or
Melissa Fortunato, Esq., 212-699-1141
mfortunato@kmllp.com
or
Toll free: 888-529-4787

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