Harwood Feffer LLP Announces Investigation of Hawaiian Telcom Holdco, Inc.

NEW YORK, July 10, 2017 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Hawaiian Telcom Holdco, Inc. ("Hawaiian Telcom" or the "Company") (NASDAQ: HCOM) concerning the proposed acquisition of the Company by Cincinnati Bell.

Under the terms of the offer, Cincinnati Bell would acquire Hawaiian Telcom in a transaction valued at approximately $650 million.  Pursuant to the deal, Hawaiian Telcom stockholders will receive their election of $30.75 in cash, 1.6305 shares of Cincinnati Bell common stock, or a mix of $18.45 in cash and 0.6522 shares of Cincinnati Bell common stock for each share of Hawaiian Telcom owned.  At least one Wall Street analyst has set a target price for Hawaiian Telcom stock of $35.00 per share.

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

If you own Hawaiian Telcom 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:

Benjamin I. Sachs-Michaels, Esq.

Robert I. Harwood, Esq.

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 

Follow us on Twitter: @HarwoodFeffer

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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