Kite Realty Group Trust
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KITE REALTY MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE MERGER OF KITE REALTY GROUP TRUST IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – KRG
July 19, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of Kite Realty Group Trust (NYSE: KRG) and Retail Properties of America, Inc. is fair to Kite Realty shareholders. Retail Properties shareholders are expected to receive Kite Realty common stock in connection with the merger. Following the closing of the transaction, Kite Realty shareholders are expected to own approximately 40% of the combined company’s equity.
The investigation concerns whether Kite Realty and its board 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 Kite Realty shareholders; and (2) disclose all material information necessary for Kite Realty shareholders to adequately assess and value the merger consideration. On behalf of Kite Realty 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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