NYSE
UIL

UIL Holdings Corporation

Shareholder Corporation Litigation

Rigrodsky & Long, P.A. Announces Investigation Of UIL Holdings Corporation (NYSE: UIL) Merger

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of UIL Holdings Corporation (“UIL” or the “Company”) (NYSE: UIL) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to merge with Iberdrola USA (“Iberdrola”).

Under the terms of the agreement, shareholders of UIL will receive one share in the newly-listed U.S. company plus a cash payment of $10.50 for each share of UIL they own.  The proposed transaction implies total value per share to UIL shareholders of $52.75.

The investigation concerns whether UIL’s board of directors failed to adequately shop the Company and obtain the best possible value for UIL’s shareholders before entering into an agreement with Iberdrola.

If you own the common stock of UIL and purchased your shares before February 25, 2015, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

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