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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Rouse Properties, Inc. (delisted) | NYSE:RSE | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 18.27 | 0 | 01:00:00 |
From Jul 2019 to Jul 2024
NEW YORK, Jan. 19, 2016 /PRNewswire/ -- Wolf Popper LLP is investigating potential claims on behalf of investors in Rouse Properties, Inc. ("Rouse") (NYSE: RSE), concerning the buyout proposal of Rouse by Brookfield Asset Management Inc. (NYSE: BAM). Rouse shareholders seeking more information about this proposal can contact Carl L. Stine at (212) 759-4600 or cstine@wolfpopper.com.
Under the terms of the proposal, Rouse's shareholders would receive $17.00 per share in cash for each Rouse share they own. The proposed offer has a preliminary equity value of approximately $986 million. However, the proposed offer price is significantly below: (1) Rouse's 52-week high of $19.95 per share; (2) the 52-week average of $17.04 per share; and (3) the median analyst price target of $19.88 per share. Accordingly, the investigation concerns whether the proposed offer price unfairly undervalues the inherent value of Rouse and whether Rouse shareholders would not be receiving the maximum value for their shares.
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 2015 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.
Attorney Advertising: Prior Results Do Not Guarantee A Similar Outcome.
Wolf Popper LLP
845 Third Avenue
New York, New York 10022
Telephone: 212-759-4600
Toll Free Tel: 877-370-7703
Toll Free Fax: 877-370-7704
Email: cstine@wolfpopper.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/wolf-popper-llp-investigates-the-buyout-proposal-of-rouse-properties-inc-by-brookfield-asset-management-inc-300206324.html
SOURCE Wolf Popper LLP
Copyright 2016 PR Newswire
1 Year Rouse Properties, Inc. (delisted) Chart |
1 Month Rouse Properties, Inc. (delisted) Chart |
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