SAN DIEGO, June 25, 2018 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of EdR (NYSE: EDR) ("EdR") breached their fiduciary duties in connection with the proposed sale of the Company to Greystar Real Estate Partners ("Greystar"). EdR is one of America's largest owners, developers and managers of collegiate housing.
On June 21, 2018, EdR announced that it had signed a definitive merger agreement with Greystar. Under the terms of the agreement, EdR shareholders will receive $41.50 per share in cash.
Nationally recognized Johnson Fistel is investigating whether the EdR board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for EdR shares of common stock.
If you are a shareholder of EdR and believe the proposed buyout price is too low or you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (firstname.lastname@example.org) at 619-814-4471. If emailing, please include a phone number.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
SOURCE Johnson Fistel, LLP