Harwood Feffer LLP Announces Investigation of CH Energy Group, Inc.

NEW YORK, Feb. 21, 2012 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of CH Energy Group, Inc. ("CH Energy" or the "Company") (NYSE: CHG) concerning the agreement to be purchased by Fortis Inc. ("Fortis") in a transaction valued at approximately $1 billion. 

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On February 21, 2012, it was announced that Fortis and CH Energy had entered into an agreement pursuant to which Fortis will acquire CH Energy.  Under the agreement, CH Energy shareholders will receive $65.00 per share held.  The offer price represents a scant 11% premium over the closing price of CH Energy shares on the last trading day before the deal was announced.

Our investigation concerns whether the board of directors is fulfilling its fiduciary duties, maximizing the value of CH Energy, disclosing all material benefits and costs and obtaining full and fair consideration for CH Energy shareholders. 

If you own CH Energy shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Robert I. Harwood, Esq.
Benjamin Sachs-Michaels
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email:  bsachsmichaels@hfesq.com
Website:  http://www.hfesq.com

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.

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SOURCE Harwood Feffer LLP