Colonial Properties Trust Alert: Briscoe Law Firm & Powers Taylor, LLP Investigate Sale to Mid-America Apartment Communities,...
03 Junio 2013 - 4:47PM
Business Wire
Former United States Securities and Exchange Commission attorney
Willie Briscoe and the securities litigation firm of Powers Taylor,
LLP are investigating the sale of Colonial Properties Trust (“CLP”)
(NYSE: CLP) to Mid-America Apartment Communities, Inc., for
shareholders. Under the terms of the proposed sale, CLP
shareholders will receive only 0.36 of a Mid-America share for each
share of CLP stock owned. Based on Mid-America’s close price on
Friday, this represents $24.47 per each CLP share.
If you are an affected investor, and you want to learn more
about the lawsuit or join the action, please contact Willie Briscoe
at The Briscoe Law Firm, PLLC, (214) 239-4568, via email at
WBriscoe@TheBriscoeLawFirm.com or Patrick Powers at Powers Taylor,
LLP, toll free (877) 728-9607, via e-mail at
patrick@powerstaylor.com. There is no cost or fee to you.
The CLP sale investigation centers on whether CLP’s shareholders
are receiving adequate compensation for their shares in the
proposed deal, whether the transaction undervalues CLP’s stock, and
whether CLP’s board attempted to obtain the highest share price for
all shareholders prior to agreeing to the deal. Notably, at least
one analyst has set a target price of CLP as high as $26.00 per
share.
The Briscoe Law Firm, PLLC is a full service business litigation
and shareholder rights advocacy firm with more than 20 years of
experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that
handles a variety of complex business litigation matters, including
claims of investor and stockholder fraud, shareholder oppression,
shareholder derivative suits, and security class actions.
The Briscoe Law Firm, PLLCWillie Briscoe,
214-239-4568WBriscoe@TheBriscoeLawFirm.comorPowers Taylor,
LLPPatrick Powers, 877-728-9607patrick@powerstaylor.com
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