NEW YORK, Oct. 19, 2015 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Campus Crest Communities, Inc. ("Campus Crest" or the "Company") (NYSE: CCG) concerning the proposed acquisition of the Company by affiliates of Harrison Street Real Estate Capital, LLC ("Harrison Street").
Under the terms of the offer, the Harrison Street would acquire Campus Crest in a transaction valued at approximately $1.9 billion. Pursuant to the deal, Campus Crest stockholders would receive approximately $7.03 per share, consisting of the following: $6.90 per share in cash and a pro-rata portion of the net proceeds from a sale agreement with the Company's joint venture partner of approximately $0.13 per share. According to Yahoo Finance, at least one analyst has set a target price for Campus Crest stock of $8.00 per share.
Our investigation concerns whether the Campus Crest 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 Campus Crest 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:
Benjamin I Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Email: [email protected]
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