STEVENSON, Md. -- (Business Wire)
The securities litigation law firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches of
fiduciary duty and other violations of state law by the Board of
Directors of GGP Inc. (NYSE: GGP) (“GGP” or the “Company”) relating to
the proposed buyout of GGP by Brookfield Property Partners L.P.
Under the terms of the agreement, GGP shareholders can elect to
receive either $23.50 in cash or either one BPY unit or one share of a
new BPY U.S. REIT security for each share of GGP common stock held. The
firm’s investigation seeks to determine, among other things, whether the
Company’s Board of Directors failed to satisfy their duties to
shareholders, including whether the Board adequately pursued
alternatives to the acquisition and whether the Board obtained the best
price possible for the Company’s shares of common stock.
If you currently own common stock of GGP and believe that the proposed
buyout price is too low, and you would like to learn more about the
investigation being conducted, without cost or obligation to you, please
contact Brower Piven either by email at hoffman@browerpiven.com
or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating
securities and other class action cases and have been advocating for the
rights of shareholders since the 1980s.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180402005051/en/
Contacts:
Brower Piven, A Professional Corporation
Charles J. Piven,
410-415-6616
1925 Old Valley Road
Stevenson, Maryland 21153
hoffman@browerpiven.com
Source: Brower Piven, A Professional Corporation
© 2024 Canjex Publishing Ltd. All rights reserved.