WeissLaw LLP: Education Realty Trust, Inc. Acquisition May Not Be In The Best Interest of EDR Shareholders
WeissLaw LLP: Education Realty Trust, Inc. Acquisition May Not Be In The Best Interest of EDR Shareholders |
| [25-June-2018] |
NEW YORK, June 25, 2018 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Education Realty Trust, Inc. ("EDR" or the "Company") (NYSE: EDR) in connection with the proposed acquisition of the Company by an affiliate of Greystar Real Estate Partners. Under the terms of the agreement, EDR shareholders will receive $41.50 in cash for each EDR share they own. WeissLaw is investigating whether EDR's Board acted to maximize shareholder value prior to entering into the agreement. Notably, at least one analyst set a target price of $42.00 per EDR share. Additionally, the purchase price offers EDR shareholders a meager premium of less than 2% over the Company's June 22 closing price of $40.83. Given these facts, WeissLaw is investigating whether EDR's Board acted in the best interests of EDR's public shareholders to maximize shareholder value prior to entering into the agreement. If you own EDR shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin by telephone at (888) 593-4771 or by email at stockinfo@weisslawllp.com. WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com or fill out the form on our website, http://www.weisslawllp.com/education-realty-trust-inc/
SOURCE WeissLaw LLP | ||
Company Codes: NYSE:EDR |
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