TRADE STREET RESIDENTIAL, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
May 13 2015 - 6:22PM
Business Wire
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 Trade Street 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.
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M.
Serra888-969-4242302-295-5310Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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