Kendall Law Group Investigates Brookfield Homes Corporation Merger for Shareholders
05 Octubre 2010 - 9:39AM
Business Wire
Kendall Law Group, led by former federal judge Joe Kendall, is
investigating Brookfield Homes Corporation (NYSE: BHS) for
shareholders in connection with the proposed merger with Brookfield
Properties Corporation’s North American residential land and
housing division of Brookfield Office Properties. The national
securities firm’s investigation seeks to determine whether
Brookfield Homes and its Board breached their fiduciary duties by
entering into the agreement without properly shopping for a deal
that would provide better value for shareholders. If you are a
Brookfield Homes shareholder and would like additional information
about your rights, contact the Kendall Law Group at 877-744-3728 or
by email at skendall@kendalllawgroup.com.
On October 5, 2010, the companies announced the definitive
agreement under which Brookfield Homes would be merged with a
division of Brookfield Properties, creating Brookfield Residential
Properties. Under the terms of the agreement, Brookfield Homes
stockholders will receive 0.764900530 common shares of Brookfield
Residential, plus an undisclosed cash amount in lieu of fractional
shares for each share of Brookfield Homes/BHS common stock. The
firm believes the transaction may be undervaluing the company.
Kendall Law Group was founded by a former federal judge,
includes a former United States Attorney, prosecutors and
securities lawyers who are experienced in complex securities
litigation. The firm has been counsel in numerous merger and
acquisition cases nationwide, including some of the largest
transactions in the United States.
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