Harwood Feffer LLP Announces Investigation of Rouse Properties, Inc.

Jan 19, 2016, 13:48 ET from Harwood Feffer LLP

NEW YORK, Jan. 19, 2016 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Rouse Properties, Inc. ("Rouse" or the "Company") (NYSE: RSE) concerning the proposed acquisition of the Company by Brookfield Asset Management Inc. ("Brookfield").

Under the terms of the offer, Brookfield would acquire Rouse in a transaction valued at approximately $986 million.  Pursuant to the deal, Rouse stockholders would receive $17.00 per share in cash.  According to Yahoo Finance, at least one analyst has set a target price for Rouse stock of $23.00 per share and the median analyst target price for Rouse stock is $21.00 per share.

Our investigation concerns whether the Rouse 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 Rouse 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 (212)935-7400 Email: bsachsmichaels@hfesq.com Website: http://www.hfesq.com Follow us on Twitter: @HarwoodFeffer

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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