Columbia Property Trust, Inc.
If you purchased Columbia Property Trust, Inc. securities and would like to join the action, please click "Join This Action" below.
CXP MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF COLUMBIA PROPERTY TRUST, INC. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – CXP
September 7, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Columbia Property Trust, Inc. (NYSE: CXP) to funds managed by Pacific Investment Management Company LLC (collectively, “PIMCO”) for $19.30 per share in cash is fair to Columbia shareholders.
The investigation concerns whether Columbia and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Columbia shareholders; (2) determine whether PIMCO is underpaying for Columbia; and (3) disclose all material information necessary for Columbia shareholders to adequately assess and value the merger consideration. On behalf of Columbia shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
Attorney Advertising. Prior results do not guarantee a similar outcome.