An investigation on behalf of investors of TECO Energy, Inc. (NYSE:TE) in connection with the proposed takeover was announced and NYSE:TE stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 09/21/2015 --An investigation for investors in shares of TECO Energy, Inc. (NYSE:TE) was announced concerning whether the takeover of TECO Energy, Inc. by Emera Inc for $22.55 per share is unfair.

Investors who purchased shares of TECO Energy, Inc. (NYSE:TE) and currently hold any of those NYSE:TE shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call 858-779-1554.

The investigation by a law firm concerns whether certain officers and directors of TECO Energy, Inc. breached their fiduciary duties owed to NYSE:TE investors in connection with the proposed acquisition.

On September 4, 2015, Emera Inc. (TSX: EMA) and TECO Energy, Inc. (NYSE:TE) announced an agreement for Emera to acquire TECO Energy. Under the terms of the all-cash deal, TECO Energy shareholders will receive US$27.55 per common share.

However, the investigation concerns whether the offer is unfair to NYSE:TE stockholders. More specifically, the investigation concerns whether the TECO Energy Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

On September 18, 2015, NYSE:TE shares closed at $26.61 per share.

Those who are current investors in TECO Energy, Inc. (NYSE:TE) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com