NEW YORK, Jan. 22, 2016 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the buyout proposal on behalf of stockholders of Rouse Properties, Inc. ("Rouse" or the "Company") (NYSE: RSE) by Brookfield Asset Management Inc. for approximately $986 million.
The Company's stockholders will only receive $17.00 in cash for each share of Company common stock they own. However, the proposed consideration is below both the median analyst price target for Rouse's stock of $19.88 per share and the Company's 52-week high of $19.95 per share.
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The investigation focuses on whether the proposed offer price unfairly undervalues the inherent value of Rouse and whether Rouse's Board of Directors has breached their fiduciary duties to the Company's stockholders by failing to maximize value for their shares.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.
If you own common stock in Rouse and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/RSE or contact Juan Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
Faruqi & Faruqi, LLP
685 3rd Avenue, 26th Floor
New York, NY 10017
Attn: Juan Monteverde, Esq.
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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