Cogdell Spencer Inc. Investor Lawsuit Against Takeover by Ventas, Inc. Announced by Shareholders Foundation
(firmenpresse) - SAN DIEGO, CA -- (Marketwire) -- 01/05/12 -- The Shareholders Foundation, Inc. announces that an investor filed a lawsuit in State Court for current stockholders of Cogdell Spencer Inc. (CSA) in effort to stop the proposed takeover of Cogdell Spencer by Ventas, Inc. for $4.25 per share.
If you purchased shares of Cogdell Spencer Inc. (CSA) prior to December 27, 2011 and currently hold those CSA stocks, you have certain options and you should contact the Shareholders Foundation, Inc. by e-mail at or call +1 (858) 779-1554.
On December 27, 2011, Cogdell Spencer Inc. and Ventas, Inc. announced that the Boards of Directors of both companies have approved an agreement under which Ventas will acquire Cogdell Spencer Inc. Under the terms of the agreement, holders of shares of Cogdell Spencer Inc. common stock and units of limited partnership interests in Cogdell's operating partnership, Cogdell Spencer LP, will receive consideration of $4.25 per share (or unit).
However, the plaintiff alleges that in light of its recent trading history the $4.25 offer undervalues Cogdell Spencer. Indeed, CSA stocks traded recently well above the current offer. As recently as July CSA shares traded as high as $6.26 and in April 2011 as high as $6.71 per share. In addition at least one analyst has set the high target price for CSA stocks at $6.00 per share.
Furthermore, so the plaintiff, defendants agreed to preclusive deal protection devices, such as a $15 million termination fee, a no solicitation, and a matching rights provision, that preclude competing bidders from making a successful bid for Cogdell Spencer.
Those who currently are investors in Cogdell Spencer (CSA) shares and purchased their shares before the announcement have certain options and should contact the Shareholders Foundation.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
CONTACT:
Shareholders Foundation, Inc.
Trevor Allen
+1 (858) 779-1554
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 05.01.2012 - 13:09 Uhr
Sprache: Deutsch
News-ID 1070420
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
SAN DIEGO, CA
Phone:
Kategorie:
Legal
Anmerkungen:
Diese Pressemitteilung wurde bisher 90 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Cogdell Spencer Inc. Investor Lawsuit Against Takeover by Ventas, Inc. Announced by Shareholders Foundation
"
steht unter der journalistisch-redaktionellen Verantwortung von
Shareholders Foundation, Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
