Finkelstein Thompson LLP Announces Investigation of Brookfield Homes Corp.
October 20 2010 - 7:02PM
Business Wire
Finkelstein Thompson LLP is investigating potential claims on
behalf of shareholders of Brookfield Homes Corp. (“Brookfield
Homes” or the “Company”) (NYSE: BHS) concerning the sale of the
Company to Brookfield Residential Properties Inc. (“Brookfield
Residential”) in a stock-for-stock exchange, out of which a new
company will be created with an estimated value of $1 billion.
Under the terms of the proposed merger, Brookfield Homes
shareholders will receive 0.764900530 shares of Brookfield
Residential common stock for each share of Company stock they
own.
The investigation is focused on the potential unfairness of the
consideration to Brookfield Homes shareholders, the process by
which the Board of Directors considered the transaction, and
potential conflicts of interests among Brookfield Homes Board
members. Indeed, Brookfield Residential currently owns 62% of the
Company’s common stock and 99% of the Company’s preferred stock,
rendering any shareholder vote on the proposed merger a foregone
conclusion.
If you are interested in discussing your rights as a Brookfield
Homes shareholder, or have information relating to this
investigation, please contact Finkelstein Thompson's Washington, DC
offices at (877) 337-1050 or by email at
contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering
outstanding representation to institutional and individual clients
in financial litigation, and has been appointed as lead or co-lead
counsel in dozens of shareholder class actions. Indeed, the firm
has served in leadership roles in cases that have recovered over $1
billion for investors and consumers.
To learn more about Finkelstein Thompson LLP, please visit our
web site at www.finkelsteinthompson.com. Attorney advertising.
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