Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Campus Crest Communities, Inc.
24 10월 2015 - 10:48AM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Campus Crest Communities, Inc. ("Campus Crest" or "the Company")
(NYSE: CCG) for possible breaches of fiduciary duty and other
violations of state law in connection with the sale of the Company
to Harrison Street Real Estate Capital LLC (“Harrison Street”).
Click here to learn more about the investigation
http://brodsky-smith.com/992-ccg-campus-crest-communities-inc.html,
or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Campus Crest shareholders
will receive only $6.90 in cash and a contingent consideration of
$0.13 for each share of Campus Crest stock they own. The $0.13
contingent consideration is the net sale proceeds currently
estimated from the separate sale of the Campus Crest’s ownership
interest in evo Montreal joint venture. The investigation concerns
whether the Board of Campus Crest breached their fiduciary duties
to shareholders and whether Harrison Street is underpaying for
Campus Crest. The transaction may undervalue Campus Crest and will
result in a loss for many Campus Crest shareholders. For example,
Campus Crest stock traded at $8.04 per share as recently as March
3, 2015 and traded at $9.50 per share on February 13, 2014.
Further, an analyst has also placed an $8.00 per share price target
on Campus Crest stock.
If you own shares of Campus Crest stock and wish to discuss the
legal ramifications of the investigation, or have any questions,
you may e-mail or call the law office of Brodsky & Smith, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J.
Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
510, Bala Cynwyd, PA 19004, by visiting
http://brodsky-smith.com/992-ccg-campus-crest-communities-inc.html,
or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
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version on businesswire.com: http://www.businesswire.com/news/home/20151023005980/en/
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90http://brodsky-smith.com/992-ccg-campus-crest-communities-inc.html
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