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.

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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:  

Ryan & Maniskas, LLP


Richard A. Maniskas, Esquire


995 Old Eagle School Rd., Suite 311


Wayne, PA 19087


877-316-3218


www.rmclasslaw.com/cases/clp


rmaniskas@rmclasslaw.com

SOURCE Ryan & Maniskas, LLP

Copyright 2013 PR Newswire

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