NEW YORK, July 1, 2015 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Gramercy Property Trust Inc. ("Gramercy" or the "Company") (NYSE: GPT) concerning the proposed acquisition of the Company by Chambers Street Properties ("Chambers") (NYSE: CSG).
Under the terms of the offer, Chambers would acquire Gramercy in a transaction that would create a combined entity worth approximately $5.7 billion. Pursuant to the deal, Gramercy stockholders would receive 3.1898 shares of Chambers per Gramercy share owned, worth approximately $23.22. At least one analyst has set a target price for Gramercy shares of $34.
Our investigation concerns whether the Gramercy 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 Gramercy 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
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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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