SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of Inland Real Estate Corp. (IRC) Over the Proposed Sale...
23 December 2015 - 3:22AM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Inland Real Estate Corporation
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Inland Real Estate Corporation (“IRC” or the
“Company”) (NYSE:IRC) for potential breaches of fiduciary duties in
connection with the sale of the Company to DRA Advisors LLC for
approximately $2.3 billion.
The Company’s stockholders will only receive $10.60 per share in
cash for each share of Company common stock they own. However, the
offer is below at least one analyst’s price target of $12.00 per
share and the 52-week high of $11.73 per share.
Click here for more information:
www.faruqilaw.com/IRC. There is no cost or
obligation to you.
The investigation focuses on whether IRC’s Board of Directors
breached their fiduciary duties to the Company’s stockholders by
failing to conduct a fair sales process and whether and by how much
this proposed transaction undervalues the Company to the detriment
of IRC’s shareholders.
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. 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 IRC and wish to obtain additional
information and protect your investments free of charge, please
visit us at www.faruqilaw.com/IRC or contact Juan Monteverde, Esq.
either via e-mail at jmonteverde@faruqilaw.com or by telephone at
(877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2015 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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Faruqi & Faruqi, LLP685 3rd Avenue, 26th FloorNew York, NY
10017Attn: Juan Monteverde, Esq.jmonteverde@faruqilaw.comToll Free:
(877) 247-4292Phone: (212) 983-9330
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