NEW YORK, May 11, 2015 /PRNewswire/ -- Wolf Popper LLP
is investigating claims on behalf of investors in Trade Street
Residential, Inc. ("Trade Street") (NASDAQ: TSRE), concerning the
proposed acquisition of Trade Street by Independence Realty Trust,
Inc. (NYSE: IRT). Trade Street shareholders seeking
more information about this acquisition can contact Carl Stine at (212) 759-4600 or
cstine@wolfpopper.com.
The investigation concerns whether Trade Street's directors are
breaching their fiduciary duties by failing to adequately maximize
shareholder value. Under the terms of the proposed
transaction, Trade Street's shareholders will receive $3.80 per share in cash and 0.4108 of newly
issued IRT common stock. The proposed transaction is valued
at approximately $7.32 per share or a
preliminary equity value of $269
million. However, the offer price is significantly
below Trade Street's 52 week high of $8.13 per share and below an analyst's price
target of $9.50 per share.
Wolf Popper LLP has extensive experience representing investors
in mergers and acquisition lawsuits and has successfully ensured
that investors receive the maximum compensation. Twelve Wolf
Popper attorneys were named Rising Stars or Super Lawyers in the
2014 Super Lawyers New York City Metro Edition, including
Wolf Popper partner Carl Stine, who was included in the Super
Lawyers Top 100 List for the New York
City Metro area. View Wolf Popper attorney biographies
at www.wolfpopper.com.
Attorney Advertising: Prior Results Do Not Guarantee A Similar
Outcome.
Wolf Popper LLP
845 Third Avenue
New York, New York 10022
Telephone: 212-759-4600
Toll Free Tel: 877-370-7703
Toll Free Fax: 877-370-7704
Email: cstine@wolfpopper.com
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SOURCE Wolf Popper LLP