WILMINGTON, Del., May 12, 2015 /PRNewswire/ -- Rigrodsky &
Long, P.A.:
- Do you own shares of Trade Street Residential, Inc. (NASDAQ
GM: TSRE)?
- Did you purchase any of your shares prior to May 11, 2015?
- Do you think the proposed buyout value is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Trade
Street Residential, Inc. ("Trade Street" or the "Company") (NASDAQ
GM: TSRE) regarding possible breaches of fiduciary duties and other
violations of law related to the Company's entry into an agreement
to be acquired by Independence Realty Trust, Inc. ("IRT") (NYSE
MKT: IRT).
Click here to learn more:
http://rigrodskylong.com/investigations/trade-street-residential-inc-tsre.
Under the terms of the agreement, shareholders of Trade Street
will receive 0.4108 shares of IRT and $3.80 in cash for each share of Trade Street
common stock owned. Based on IRT's closing price on May 8, 2015, Trade Street shareholders would have
received compensation valued at approximately $7.32 per share.
The investigation concerns whether Trade Street's board of
directors failed to adequately shop the Company and obtain the best
possible value for Trade Street's shareholders before entering into
an agreement with IRT. According to Yahoo! Finance, at least one
analyst has issued a price target for Rosetta stock at $8.50 per share.
If you own the common stock of Trade Street and purchased your
shares before May 11, 2015, if you
have information or would like to learn more about these claims, or
if you wish to discuss these matters or have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2
Righter Parkway, Suite 120, Wilmington,
DE 19803, by telephone at (888) 969-4242; by e-mail to
info@rl-legal.com, or at:
http://rigrodskylong.com/investigations/trade-street-residential-inc-tsre.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes
securities class, derivative and direct actions, shareholder rights
litigation and corporate governance litigation, on behalf of
shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a
similar outcome.
CONTACT:
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/trade-street-residential-inc-shareholder-alert-rigrodsky--long-pa-announces-investigation-of-buyout-300081904.html
SOURCE Rigrodsky & Long, P.A.