Shareholder Alert: Ademi LLP Investigates Whether Retail Properties Of America, Inc. Has Obtained A Fair Price In Its Transaction With Kite Realty Group Trust
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PR Newswire
MILWAUKEE, July 19, 2021
MILWAUKEE, July 19, 2021 /PRNewswire/ -- Ademi LLP is investigating RPAI (NYSE: RPAI) for possible breaches of fiduciary duty and other violations of law in its transaction with KRG.
Click here to learn how to join the action: https://www.ademilaw.com/case/retail-properties-america-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Ademi LLP alleges RPAI's financial outlook is excellent and yet RPAI shareholders will receive only 0.6230 newly issued KRG common shares in a 100% stock-for-stock transaction. The merger agreement unreasonably limits competing bids for RPAI by prohibiting solicitation of further bids, and imposing a termination penalty if RPAI accepts a superior bid. RPAI insiders will receive millions of dollars as part of change of control arrangements. We are investigating the conduct of RPAI's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for RPAI.
If you own RPAI common stock and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or https://www.ademilaw.com/case/retail-properties-america-inc.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
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