BALA CYNWYD, Pa.--(BUSINESS WIRE)--Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Gramercy Property Trust, Inc.("Gramercy” or "the Company") (NYSE: GPT) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Chambers Street Properties (“Chambers Street”).
Click here to learn more about the investigation http://brodsky-smith.com/961-gpt-gramercy-property-trust-inc.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Gramercy shareholders will receive only 3.1898 shares of Chambers Street stock for each share of Gramercy stock they own. The transaction values Gramercy at only approximately $25.36 per share. The investigation concerns whether the Board of Gramercy breached their fiduciary duties to shareholders and whether Chambers Street is underpaying for Gramercy. The transaction may undervalue Gramercy and will result in a loss or no real gain for many Gramercy shareholders. For example, Gramercy stock traded at $29.73 as recently as March 23, 2015 and an analyst has set a price target for Gramercy stock at $34.00 per share.
If you own shares of Gramercy 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 510, Bala Cynwyd, PA 19004, by visiting http://brodsky-smith.com/961-gpt-gramercy-property-trust-inc.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 class 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 have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.