SHAREHOLDER ALERT: Pomerantz LLP Investigates Claims That the Merger May Not Be in the Best Interest of Investors of Inland Real Estate Corporation - IRC

Dec 15, 2015, 12:09 ET from Pomerantz LLP

NEW YORK, Dec. 15, 2015 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Inland Real Estate Corporation ("Inland" or the "Company") (NYSE: IRC) (ISIN: US4574612002) (CUSIP: 457461200) concerning the proposed acquisition of Inland by Funds managed by DRA Advisors LLC.

Inland shareholders seeking more information about this acquisition are advised to contact Robert Willoughby at rswilloughby@pomlaw.com or 212-661-1100 or 888-476-6529, ext. 9980.

The investigation concerns whether the Inland directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value. Under the terms of the proposed transaction, Inland shareholders will receive $10.60 per shares in cash for each Inland share. However, an analyst recently sent a price target for Inland at $12.00 per share. Moreover, the stock traded above the offer price within the past year.

Pomerantz LLP, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz LLP pioneered the field of securities class actions. Today, more than 75 years later, the Pomerantz LLP continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of defrauded investors. See www.pomerantzlaw.com.

CONTACT: Robert Willoughby Pomerantz LLP 212-661-1100 ext. 9980 rswilloughby@pomlaw.com

 

SOURCE Pomerantz LLP



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