Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of Gramercy Property Trust Inc (NYSE: GPT) acted responsibly on behalf of investors’ profitability in the planned $5.7 billion sale to Chambers Street Properties (NYSE: CSG).
On July 1, 2015, Gramercy Property Trust Inc (NYSE: GPT) and Chambers Street Properties (NYSE: CSG) announced that they had entered into a merger agreement. Under the terms of the merger agreement, Gramercy shareholders will receive 3.1898 shares of Chambers Street for each share of Gramercy common stock they own. The transaction values NYSE: GPT at $25.36 per share.
Based in New York, NY, and founded in 2004 Gramercy Property Trust Inc, formerly known as Gramercy Capital Corp, is an equity real estate investment trust that makes investments in industrial and office properties to create its portfolio.
The investigation is looking to uncover whether Gramercy Property Trust Inc was undervalued at the cost of the shareholders considering one analyst’s opinion of their stock is valued at $32.00 per share.
If you purchased Gramercy Property Trust Inc (NYSE: GPT)prior to July 1, 2015, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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