Shareholder Alert: Ademi & O'Reilly, LLP Investigates whether Education Realty Trust, Inc. has obtained a Fair Price in its Sale to GSHGIF LTP, LP
MILWAUKEE, June 25, 2018 /PRNewswire/ -- Ademi & O'Reilly, LLP is investigating the Board of EdR (NYSE: EDR) for possible breaches of fiduciary duty and other violations of Maryland law in connection with the sale of EdR to GSHGIF.
Click here to learn how to join the action: http://ademilaw.com/case/edr or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Ademi & O'Reilly, LLP alleges EdR's long-term financial outlook is improving and yet EdR shareholders will receive only $41.50 for each share of EdR common stock. GSHGIF is well aware of EdR's improving financial metrics and is purchasing EdR at a substantial discount. The merger agreement unreasonably limits competing bids for EdR by (i) prohibiting solicitation of any further bids, and (ii) imposing a termination penalty should EdR receive and accept a superior bid. EdR insiders, their affiliates and other major shareholders own significant voting stock, and will receive millions of dollars as part of change of control arrangements, and therefore can unduly influence a sale of EdR. Our investigation centers on the conduct of EdR's Board of Directors, who have unanimously approved the transaction, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for EdR given its current financial condition and prospects.
If you own common stock in EdR and wish to obtain additional information, please contact Guri Ademi either at gademi@ademilaw.com or toll-free: 866-264-3995, or http://ademilaw.com/case/edr.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi & O'Reilly, LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
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SOURCE Ademi & O'Reilly, LLP
