Kimco Realty Corporation
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KIMCO MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE MERGER OF KIMCO REALTY CORPORATION IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – KIM
April 15, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of Kimco Realty Corporation (NYSE: KIM) and Weingarten Realty Investors is fair to Kimco shareholders. On a pro forma basis, Kimco shareholders are expected to own approximately 71% of the combined company’s equity following the closing of the merger.
The investigation concerns whether Kimco 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 Kimco shareholders; and (2) disclose all material information necessary for Kimco shareholders to adequately assess and value the merger consideration. On behalf of Kimco 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.
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