SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of Inland Real Estate Corp. And Encourages ...

The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Inland Real Estate Corporation (NYSE: IRC) (“Inland” or the “Company”) relating to the proposed buyout of the Company by real estate funds managed by DRA Advisors LLC, in a transaction valued at approximately $2.3 billion.

Under the terms of the agreement, Inland shareholders are anticipated to receive $10.60 in cash for each share of Inland common stock held. There are concerns regarding the price of the deal and the process by which the price was agreed upon. For example, according to Yahoo! Finance, at least one Wall Street analyst has issued a price target for Inland stock at $12.00 per share. Moreover, the stock traded above the offer price within the past year.

The firm’s investigation seeks to determine, among other things, whether the Company’s Board of Directors failed to satisfy their duties to shareholders, including whether the Board adequately pursued alternatives to the acquisition and whether the Board obtained the best price possible for the Company’s shares of common stock.

If you currently own common stock of Inland and believe that the proposed buyout price is too low, or you would like to learn more about the investigation being conducted by Brower Piven, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at hoffman@browerpiven.com or by telephone at (410) 415-6616.

Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.

View source version on businesswire.com: http://www.businesswire.com/news/home/20151215006803/en/

Brower Piven, A Professional CorporationCharles J. Piven, 410-415-66161925 Old Valley RoadStevenson, Maryland 21153hoffman@browerpiven.com

Inland Real Estate (NYSE:IRC)
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