Energy News / Shareholders Foundation, Inc.

NYSE:DCT Investor Notice: Investigation over Acquisition of DCT Industrial Trust Inc

Via: ReleaseWire

Updated 11:15 AM CDT, Wed, May 09,2018

An investigation on behalf of investors of DCT Industrial Trust Inc. (NYSE: DCT) in connection with the proposed takeover was announced.

San Diego, CA -- (SBWIRE) -- 05/09/2018 -- An investigation was announced for investors in shares of DCT Industrial Trust Inc. (NYSE: DCT), concerning whether the takeover of DCT Industrial Trust Inc. by Prologis, Inc is unfair.

Investors who purchased shares of DCT Industrial Trust Inc. (NYSE: DCT) and currently hold any of those NYSE: DCT shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain directors of DCT Industrial Trust Inc. breached their fiduciary duties owed to NYSE: DCT investors in connection with the proposed acquisition.

On April 29, 2018, Prologis, Inc. (NYSE: PLD) and DCT Industrial Trust Inc. (NYSE: DCT) announced that the two companies have entered into a merger agreement by which Prologis will acquire DCT Industrial Trust Inc. (NYSE: DCT) for $8.4 billion in a stock-for-stock transaction, including the assumption of debt. Under the terms of the agreement, DCT Industrial Trust Inc. (NYSE: DCT) shareholders will receive 1.02 Prologis shares for each DCT Industrial Trust Inc. (NYSE: DCT) share they own. Based on a closing price of $66.58 for NYSE:PLD shares on April 27, 2018, investors in DCT Industrial Trust Inc. (NYSE: DCT) will receive a value of approximately $67.91 per NYSE: DCT share.

However, given that at least one analyst has set the high target price for NYSE: DCT shares at $69.00 per share, the investigation concerns whether the offer is unfair to NYSE: DCT stockholders. More specifically, the investigation concerns whether the DCT Industrial Trust 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.

Those who are current investors in DCT Industrial Trust Inc. (NYSE: DCT) 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

For more information on this press release visit:
http://www.sbwire.com/press-releases/nysedct-investor-notice-investigation-over-acquisition-of-dct-industrial-trust-inc-974511.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com