Cleco Investor Alert by Former Louisiana Attorney General Richard P. Ieyoub: Law Offices of Albert M. Myers, LLC Investigates Proposed Sale of Cleco Corporation

ATLANTA--(BUSINESS WIRE)--

Former Attorney General of Louisiana Richard P. Ieyoub and the Law Offices of Albert M. Myers, LLC (“AMM”) are investigating the proposed sale of Cleco Corporation (“Cleco”) CNL to an investment group led by MacQuarie Infrastructure and Real Assets.

Cleco announced a definitive merger agreement with the MacQuarie group on October 20, 2014. Under the agreement, MacQuarie will acquire all of the outstanding shares of Cleco for $55.37 in cash. AMM and General Ieyoub, special counsel to the firm, are investigating whether the proposed sale price provides adequate value to Cleco shareholders, given the company's recent earnings growth. In addition, the investigation concerns the fairness of the process pursuant to which Cleco entered into the merger, and whether that process was fair.

If you are a shareholder of Cleco and you have information relevant to our investigation, and/or if you would like to discuss your legal rights, you may contact AMM Managing Partner Albert M. Myers at almyers@almyerslaw.com or call (404) 931-7735.

Richard Ieyoub, special counsel to AMM, was the Attorney General of the State of Louisiana from 1992 to 2004. General Ieyoub played a leadership role in litigation on behalf of several states against major tobacco manufacturers, leading to a landmark settlement in 1998. Albert M. Myers has practiced securities litigation involving publicly traded companies since 1995. He has been appointed by numerous courts throughout the country to serve as lead or co-lead counsel in shareholder class actions and derivative actions.

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