The Law Firm of Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of Cogdell Spencer, Inc. in Connection With the Sale of the Company to Ventas, Inc.
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 01/06/12 -- Levi & Korsinsky notifies investors of Cogdell Spencer, Inc. ("Cogdell" or the "Company") (NYSE: CSA) of claims of breaches of fiduciary duty and other violations of state law against the board of directors of the Company in connection with the sale of the Company to Ventas, Inc. ("Ventas") (NYSE: VTR) in an all-cash transaction. Under the terms of the transaction, holders of shares of Cogdell 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). The total transaction value is approximately $760 million, including assumption of debt. A complaint was filed in North Carolina state court.
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The claims concern whether the Cogdell Board of Directors breached their fiduciary duties to Cogdell stockholders by failing to adequately shop the Company before entering into this transaction and whether Ventas is underpaying for Cogdell shares, thus unlawfully harming Cogdell stockholders. In particular, at least one analyst set a $6 price target for Cogdell stock and Cogdell stock has traded as high as $6.23 a share as recently as July 12, 2011.
If you own common stock in Cogdell and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or .
Levi & Korsinsky has extensive expertise in prosecuting investor securities litigation involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 15th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
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Datum: 06.01.2012 - 09:27 Uhr
Sprache: Deutsch
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