NEW YORK, Feb. 28, 2017 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Silver Bay Realty Trust Corp. ("Silver Bay" or the "Company") (NYSE: SBY) concerning the proposed acquisition of the Company by Tricon Capital Group Inc. ("Tricon").
Under the terms of the offer, Tricon would acquire Silver Bay in a transaction worth approximately $1.4 billion. Pursuant to the terms of the transaction, Silver Bay shareholders would receive $21.50 per share in cash.
Our investigation concerns whether the Silver Bay board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders.
If you own Silver Bay shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
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Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP