Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Brookfield Homes Corporation, in Connecti...
December 15 2010 - 7:30PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
Brookfield Homes Corporation (“Brookfield Homes” or the “Company”)
(NYSE:BHS) related to the Company’s agreement to merge with the
North American residential land and housing division of Brookfield
Office Properties into Brookfield Residential Properties Inc.
(“Brookfield Residential”). The proposed transaction is valued at
approximately $1 billion.
Under the terms of the definitive agreement entered into by the
parties, Brookfield Homes stockholders will receive 0.764900530
common shares of Brookfield Residential, plus a cash amount in lieu
of fractional shares, for each share they own of Brookfield Homes
common stock. A special committee of Brookfield Homes’ board of
directors has unanimously recommended that the board approve the
proposed transaction. The investigation concerns possible breaches
of fiduciary duty and other violations of law related to
consideration of the proposed transaction by the Brookfield Homes
board of directors.
If you are a shareholder of Brookfield Homes, 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 Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020, by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or
visit our website at http://www.howardsmithlaw.com.
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