BALA CYNWYD, Pa. -- (Business Wire)
Law office of Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Gramercy Property
Trust, Inc.("Gramercy” or "the Company") (NYSE: GPT) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to Chambers Street Properties
(“Chambers Street”).
Click here to learn more about the investigation http://brodsky-smith.com/961-gpt-gramercy-property-trust-inc.html,
or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Gramercy shareholders will receive
only 3.1898 shares of Chambers Street stock for each share of Gramercy
stock they own. The transaction values Gramercy at only approximately
$25.36 per share. The investigation concerns whether the Board of
Gramercy breached their fiduciary duties to shareholders and whether
Chambers Street is underpaying for Gramercy. The transaction may
undervalue Gramercy and will result in a loss or no real gain for many
Gramercy shareholders. For example, Gramercy stock traded at $29.73 as
recently as March 23, 2015 and an analyst has set a price target for
Gramercy stock at $34.00 per share.
If you own shares of Gramercy and wish to discuss the legal
ramifications of the investigation, or have any questions, you may
e-mail or call the law office of Brodsky & Smith, LLC who will, without
obligation or cost to you, attempt to answer your questions. You may
contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky &
Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by
visiting http://brodsky-smith.com/961-gpt-gramercy-property-trust-inc.html,
or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise
representing shareholders throughout the nation in securities and class
action lawsuits. The attorneys at Brodsky & Smith have been appointed by
numerous courts throughout the country to serve as lead counsel in class
actions and have successfully recovered millions of dollars for our
clients and shareholders. Attorney advertising. Prior results do not
guarantee a similar outcome.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150730006792/en/
Contacts:
Brodsky & Smith, LLC
Jason L. Brodsky, Esquire
Evan J.
Smith, Esquire
877-LEGAL-90
http://brodsky-smith.com/961-gpt-gramercy-property-trust-inc.html
Source: Brodsky & Smith, LLC
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