PS Business Parks, Inc.
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PSB STOCK ALERT: HALPER SADEH LLP IS INVESTIGATING WHETHER THE SALE OF PS BUSINESS PARKS, INC. IS FAIR TO SHAREHOLDERS
April 25, 2022.
New York, New York—Halper Sadeh LLP, an investor rights law firm, is investigating whether the sale of PS Business Parks, Inc. (NYSE: PSB) to affiliates of Blackstone Real Estate for $187.50 per share in cash is fair to PS Business Parks shareholders.
The investigation concerns whether PS Business Parks 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 PS Business Parks shareholders; (2) determine whether Blackstone is underpaying for PS Business Parks; and (3) disclose all material information necessary for PS Business Parks shareholders to adequately assess and value the merger consideration. On behalf of PS Business Parks 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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