Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of RPT Realty (NYSE: RPT) to Kimco Realty for 0.6049 of a newly-issued Kimco share for each RPT share is fair to RPT shareholders. At closing, RPT shareholders are expected to own approximately 8% of the combined company.
The investigation concerns whether RPT and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for RPT shareholders; (2) determine whether Kimco is underpaying for RPT; and (3) disclose all material information necessary for RPT shareholders to adequately assess and value the merger consideration. On behalf of RPT shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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