NEW YORK--(BUSINESS WIRE)--Kirby McInerney LLP is investigating potential claims against Glimcher Realty Trust (“Glimcher” or the “Company”) (NYSE:GRT) concerning the proposed acquisition of the Company by Washington Prime Group Inc. (“WPG”) (NYSE:WPG). Under the terms of the definitive agreement, Glimcher stockholders will receive $10.40 in cash and 0.1989 shares of WPG common stock for each share of Glimcher common stock they own, valuing the deal at approximately $14.20 per share. The total transaction value is approximately $4.3 billion.
The investigation concerns whether the Glimcher Board of Directors violated its fiduciary duties by agreeing to the proposed transaction and whether the proposed consideration adequately values the Company’s common stock.
If you are a Glimcher stockholder and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at email@example.com, or telephone at (212) 699-1145, Melissa Fortunato, Esq. by email at firstname.lastname@example.org, or telephone at (212) 699-1141, or toll free at (888) 529-4787, or by filling out this contact form. There is no cost or obligation to you.
Kirby McInerney LLP is a New York-based law firm concentrating in securities, whistleblower, antitrust and consumer litigation. For additional information, please go to www.kmllp.com.