SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of UIL Holdings Corporation And Encourages Investors To Contact The Firm For Additional Information

STEVENSON, Md.--(BUSINESS WIRE)--

The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of UIL Holdings Corporation ("UIL Holdings" or the "Company") UIL relating to the proposed buyout of the Company by Iberdrola USA ("Iberdrola").

On February 25, 2015, UIL Holdings and Iberdrola announced the signing of a definitive agreement pursuant to which Iberdrola will acquire UIL Holdings. Under the terms of the transaction, UIL Holdings shareholders are anticipated to receive an implied total value of $52.75 per UIL Holdings share, including $10.50 per share paid in the form of cash.

The firm's investigation seeks to determine, among other things, whether the Company's Board of Directors failed to satisfy their duties to shareholders, including whether the Board adequately pursued alternatives to the acquisition and whether the Board obtained the best price possible for the Company's shares of common stock. In particular, according to Bloomberg, the Price to EBIT and Total Assets multiples are below the average of comparable transactions.

If you currently own common stock of UIL Holdings and would like to learn more about the investigation being conducted by Brower Piven, without cost or obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at hoffman@browerpiven.com or by telephone at (410) 415-6616.

Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.