Monmouth Real Estate Investment Corporation
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MNR MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF MONMOUTH REAL ESTATE INVESTMENT CORPORATION IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – MNR
May 6, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Monmouth Real Estate Investment Corporation (NYSE: MNR) to Equity Commonwealth is fair to Monmouth shareholders. Under the terms of the merger agreement, Monmouth shareholders will receive 0.67 shares of Equity Commonwealth stock for each Monmouth share they own.
The investigation concerns whether Monmouth 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 Monmouth shareholders; (2) determine whether Equity Commonwealth is underpaying for Monmouth; and (3) disclose all material information necessary for Monmouth shareholders to adequately assess and value the merger consideration. On behalf of Monmouth 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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