BALA CYNWYD, Pa., Oct. 28, 2015 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Campus Crest Communities, Inc. ("Campus Crest" or "the Company") (NYSE- CCG-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Harrison Street Real Estate Capital LLC. ("Harrison Street").
Click here to learn more about the investigation http://brodsky-smith.com/992-ccg-campus-crest-communities-inc.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Campus Crest shareholders will receive only $6.90 in cash and a contingent consideration of $0.13 for each share of Campus Crest stock they own. The $0.13 contingent consideration is the net sale proceeds currently estimated from the separate sale of the Campus Crest's ownership interest in evo Montreal joint venture. The investigation concerns whether the Board of Campus Crest breached their fiduciary duties to shareholders and whether Harrison Street is underpaying for Campus Crest. The transaction may undervalue Campus Crest and will result in a loss for many Campus Crest shareholders. For example, Campus Crest stock traded at $8.04 per share as recently as March 3, 2015 and traded at $9.50 per share on February 13, 2014. Further, an analyst has also placed an $8.00 per share price target on Campus Crest stock.
If you own shares of Campus Crest stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://brodsky-smith.com/992-ccg-campus-crest-communities-inc.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
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