WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A.:
- Do you own shares of Select Income REIT (NASDAQ GS: SIR)?
- Did you purchase any of your shares prior to September 17, 2018?
- Do you think the proposed merger is fair?
- 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 Select Income REIT (“SIR” or the “Company”) (NASDAQ GS: SIR) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to merge with Government Properties Income Trust (“GOV”) (NASDAQ GS: GOV). Under the terms of the agreement, shareholders of SIR will receive 1.04 shares of GOV common stock for each share of SIR common stock. Also as a condition of the merger, after receiving shareholder approval for the merger and prior to its closing, SIR will distribute as a special dividend all 45 million of the common shares it owns in Industrial Logistics Properties Trust (“ILPT”) (NASDAQ GS: ILPT) to SIR shareholders - SIR shareholders will receive approximately 0.502 shares of ILPT for every one share owned of SIR.
If you own common stock of SIR and purchased any shares before September 17, 2018, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra toll-free at (888) 969-4242, by e-mail at info@rl-legal.com, or at https://www.rigrodskylong.com/offices-contact.
Rigrodsky & Long, P.A., with offices in Delaware, New York, and California, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in numerous cases nationwide, including federal securities fraud actions, shareholder class actions, and shareholder derivative actions.
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