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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Inland Real Estate Corp. | NYSE:IRC | NYSE | Ordinary Share |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 10.61 | 0.00 | 01:00:00 |
From May 2019 to May 2024
Shareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board members of Inland Real Estate Corporation (NYSE: IRC) breached their fiduciary duties in connection with the proposed sale of the Company to DRA Advisors LLC.
Additional Information:IRC is a real estate investment trust (REIT) that engages in the ownership, operation and development of shopping centers and single-tenant retail properties.
On December 15, 2015 IRC announced that it had signed a definitive merger agreement with DRA. Under the terms of the agreement, DRA will acquire all issued and outstanding common stock of IRC for $10.60 per share in cash.
The investigation concerns whether the IRC board is acting in the shareholders’ best interests, 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. Nationally recognized Johnson & Weaver is investigating whether the proposed deal price represents adequate consideration, especially since one Wall Street analyst has a $12.00 price target on the stock which is more than the $10.60 offer price. Earlier this year IRC stock traded over $11.70 per share.
If you are a shareholder of IRC and believe the proposed buyout price is too low or you’re interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (jimb@johnsonandweaver.com) at 619-814-4471.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151215005973/en/
Johnson & Weaver, LLPJim Baker, 619-814-4471jimb@johnsonandweaver.com
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