NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky is investigating the Board of Directors of Mission West Properties, Inc. (“Mission West” or the “Company”) (Nasdaq: MSW) for possible breaches of fiduciary duty and other violations of state law in connection with the liquidation of the Company’s real estate assets. In a November 2, 2012 press release, Mission West announced it would sell certain real estate assets to an entity sponsored by affiliates of Divco West and TPG Real Estate for approximately $400 million in cash and $398 million in assumed debts and other obligations. Mission West intends to liquidate after the completion of these transactions and the satisfaction of outstanding debts, taxes, and related transaction costs.
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Under the terms of this liquidation agreement, shareholders will receive an estimated $9.20 to $9.28 per share in cash. The investigation concerns whether the Mission West Board of Directors breached their fiduciary duties to Mission West stockholders by unanimously voting to liquidate the Company’s assets.
If you own common stock in Mission West and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://zlk.9nl.com/mission-west-properties-msw/.
Levi & Korsinsky is a national firm with offices in New York, California and Washington D.C. The firm has extensive expertise in prosecuting investor securities litigation involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.