Tremont Mortgage Trust
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TREMONT MORTGAGE TRUST MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF TREMONT MORTGAGE TRUST IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – TRMT
April 26, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Tremont Mortgage Trust (NASDAQ: TRMT) to RMR Mortgage Trust is fair to Tremont shareholders. Under the terms of the merger agreement, Tremont shareholders will receive 0.520 of a newly issued RMR Mortgage common share for each Tremont common share owned. Upon closing, Tremont shareholders are expected to own approximately 30% of the combined company’s outstanding common shares.
The investigation concerns whether Tremont and its board of trustees 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 Tremont shareholders; (2) determine whether RMR Mortgage is underpaying for Tremont; and (3) disclose all material information necessary for Tremont shareholders to adequately assess and value the merger consideration. On behalf of Tremont 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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