Colonial Properties Trust Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to Mid-America Apartment Communities, Inc.
DALLAS--(BUSINESS WIRE)-- Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of Colonial Properties Trust ("CLP") (NYS: CLP) to Mid-America Apartment Communities, Inc., for shareholders. Under the terms of the proposed sale, CLP shareholders will receive only 0.36 of a Mid-America share for each share of CLP stock owned. Based on Mid-America's close price on Friday, this represents $24.47 per each CLP share.
If you are an affected investor, and you want to learn more about the lawsuit or join the action, please contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, via email at WBriscoe@TheBriscoeLawFirm.com or Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at firstname.lastname@example.org. There is no cost or fee to you.
The CLP sale investigation centers on whether CLP's shareholders are receiving adequate compensation for their shares in the proposed deal, whether the transaction undervalues CLP's stock, and whether CLP's board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. Notably, at least one analyst has set a target price of CLP as high as $26.00 per share.
The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
KEYWORDS: United States North America Texas
The article Colonial Properties Trust Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to Mid-America Apartment Communities, Inc. originally appeared on Fool.com.
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