BALA CYNWYD, Pa.--(BUSINESS WIRE)--Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Glimcher Realty Trust (“Glimcher or the “Company”) (NYSE: GRT) relating to the proposed acquisition by Washington Prime Group, Inc. (“WPG”).
Click here to learn more about the investigation http://brodsky-smith.com/823-grt-glimcher-realty-trust.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Glimcher shareholders will receive only $10.40 in cash and 0.1989 shares of WPG stock for each share of Glimcher stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Glimcher for not acting in the Company’s shareholders' best interests in connection with the sale process. As part of the transaction, Simon Property Group, Inc., has entered into a definitive agreement to acquire properties currently owned by Glimcher, for an aggregate cash purchase of $1.09 billion.
If you own shares of Glimcher common stock 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 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org, by visiting http://brodsky-smith.com/823-grt-glimcher-realty-trust.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 case 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 successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.