Wolf Popper LLP Investigates Claims That the Proposed Acquisition of Trade Street Residential, Inc. May Not Be In the Best In...

NEW YORK, May 11, 2015 /PRNewswire/ -- Wolf Popper LLP is investigating claims on behalf of investors in Trade Street Residential, Inc. ("Trade Street") (NASDAQ: TSRE), concerning the proposed acquisition of Trade Street by Independence Realty Trust, Inc.  (NYSE: IRT).  Trade Street shareholders seeking more information about this acquisition can contact Carl Stine at [phone] or [e-mail].

The investigation concerns whether Trade Street's directors are breaching their fiduciary duties by failing to adequately maximize shareholder value.  Under the terms of the proposed transaction, Trade Street's shareholders will receive $3.80 per share in cash and 0.4108 of newly issued IRT common stock.  The proposed transaction is valued at approximately $7.32 per share or a preliminary equity value of $269 million.  However, the offer price is significantly below Trade Street's 52 week high of $8.13 per share and below an analyst's price target of $9.50 per share.

Wolf Popper LLP has extensive experience representing investors in mergers and acquisition lawsuits and has successfully ensured that investors receive the maximum compensation.  Twelve Wolf Popper attorneys were named Rising Stars or Super Lawyers in the 2014 Super Lawyers New York City Metro Edition, including Wolf Popper partner Carl Stine, who was included in the Super Lawyers Top 100 List for the New York City Metro area.  View Wolf Popper attorney biographies at www.wolfpopper.com.

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