An investigation on behalf of investors of Forest City Realty Trust, Inc (NYSE: FCEA) in connection with the proposed takeover was announced and NYSE: FCEA stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 08/10/2018 -- An investigation was announced concerning whether the takeover of Forest City Realty Trust, Inc by Brookfield Asset Management Inc is unfair to NYSE: FCEA stockholders.
Investors who purchased shares of Forest City Realty Trust, Inc (NYSE: FCEA) and currently hold any of those NYSE: FCEA shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of Forest City Realty Trust, Inc breached their fiduciary duties owed to NYSE: FCEA investors in connection with the proposed acquisition.
On July 31, 2018, Brookfield Asset Management Inc. (NYSE:BAM) (TSX:BAM.A) and Forest City Realty Trust, Inc. (NYSE:FCEA) announced that they have entered into an agreement under which a Brookfield Asset Management Inc real estate investment fund will acquire all of the outstanding shares of common stock of Forest City Realty Trust, Inc. for $25.35 per share in an all-cash transaction valued at $11.4 billion, including Forest City Realty Trust, Inc.'s proportionate share of consolidated and unconsolidated debt.
However, given that in connection with the transaction, affiliates of Starboard Value LP and Scopia Capital Management LP, which own approximately 14% of Forest City's outstanding shares in the aggregate, have already entered into merger support agreements whereby they have agreed to vote their shares in favor of the transaction at the Forest City special meeting, the investigation concerns whether the offer is unfair to NYSE: FCEA stockholders. More specifically, the investigation concerns whether the Forest City Realty 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.
On August 9, 2018, shares of Forest City Realty Trust, Inc (NYSE: FCEA) closed at $25.01 per share.
Those who are current investors in Forest City Realty Trust, Inc (NYSE: FCEA) shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
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