WAYNE, Pa., June 4, 2013 /PRNewswire/ -- Ryan & Maniskas,
LLP (www.rmclasslaw.com/cases/clp) is investigating potential
claims against the board of directors of Colonial Properties Trust
("Colonial Properties" or the "Company") (NYSE: CLP)
concerning possible breaches of fiduciary duty and other violations
of law related to the Company's efforts to sell the Company to
Mid-America Apartment Communities Inc. ("Mid-America") in a
transaction valued at $2.17
billion.
(Logo: http://photos.prnewswire.com/prnh/20121112/MM11729LOGO
)
Our investigation concerns possible breaches of fiduciary duty
and other violations of law related to the approval of the
transaction by the Company's board of directors; in particular,
whether the Company undertook a fair process to obtain fair
consideration for all shareholders of Colonial Properties.
For more information regarding our investigation, please
contact Ryan & Maniskas, LLP (Richard
A. Maniskas, Esquire) toll-free at (877) 316-3218 or by
email at rmaniskas@rmclasslaw.com or visit:
www.rmclasslaw.com/cases/clp.
Under the terms of the transaction, Colonial shareholders will
receive 0.36 of a Mid-America share for each share of Colonial they
own, representing a value of approximately $24.47 per share.
If you own shares of Smithfield Foods and would like to learn
more about these claims or if you wish to discuss these matters and
have any questions concerning this announcement or your rights,
contact Richard A. Maniskas, Esquire
toll-free at (877) 316-3218 or to sign up online, visit:
www.rmclasslaw.com/cases/clp. You may also email Mr.
Maniskas at rmaniskas@rmclasslaw.com. For more information
about class action cases in general, please visit our website:
www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation
firm. Ryan & Maniskas, LLP is devoted to protecting the
interests of individual and institutional investors in shareholder
actions in state and federal courts nationwide.
CONTACT:
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Ryan &
Maniskas, LLP
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Richard A.
Maniskas, Esquire
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995 Old Eagle
School Rd., Suite 311
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Wayne, PA
19087
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877-316-3218
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www.rmclasslaw.com/cases/clp
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rmaniskas@rmclasslaw.com
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SOURCE Ryan & Maniskas, LLP