WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A.:
- Do you own shares of Glimcher Realty Trust (NYSE: GRT)?
- Did you purchase any of your shares prior to September 16, 2014?
- Do you think the proposed buyout price is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Glimcher Realty Trust (“Glimcher” or the “Company”) (NYSE: GRT) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Washington Prime Group Inc. (“WPG”) (NYSE: WPG), in a transaction valued at approximately $4.3 billion.
Click here to learn more: http://www.rigrodskylong.com/investigations/glimcher-realty-trust-grt.
Under the terms of the agreement, public shareholders of Glimcher would receive 0.1989 shares of WPG and $10.40 in cash for each share of Glimcher they own. Based on WPG’s closing stock price on September 15, 2014, Glimcher shareholders would have received consideration valued at approximately $14.07 per share.
The investigation concerns whether Glimcher’s board of directors failed to adequately shop the Company and obtain the best possible value for Glimcher’s shareholders before entering into an agreement with WPG.
If you own the common stock of Glimcher and purchased your shares before September 16, 2014, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to email@example.com, or at: http://www.rigrodskylong.com/investigations/glimcher-realty-trust-grt.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
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