INDT STOCK ALERT: HALPER SADEH LLC IS INVESTIGATING WHETHER THE SALE OF INDUS REALTY TRUST, INC. IS FAIR TO SHAREHOLDERS

February 22, 2023.

New York, New York—Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of INDUS Realty Trust, Inc. (NASDAQ: INDT) to affiliates of Centerbridge Partners, L.P. and GIC Real Estate, Inc. for $67.00 per share in cash is fair to INDUS shareholders.

The investigation concerns whether INDUS 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 INDUS shareholders; (2) determine whether Centerbridge and GIC are underpaying for INDUS; and (3) disclose all material information necessary for INDUS shareholders to adequately assess and value the merger consideration. On behalf of INDUS shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.

Halper Sadeh LLC 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.

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