Weingarten Realty Investors
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WEINGARTEN MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF WEINGARTEN REALTY INVESTORS IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – WRI
April 15, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Weingarten Realty Investors (NYSE: WRI) to Kimco Realty Corp. is fair to Weingarten shareholders. Under the terms of the merger, Weingarten shareholders will receive 1.408 newly issued shares of Kimco common stock and $2.89 in cash for each common share they own. Upon closing, Weingarten shareholders are expected to own approximately 29% of the combined company.
The investigation concerns whether Weingarten 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 Weingarten shareholders; (2) determine whether Kimco is underpaying for Weingarten; and (3) disclose all material information necessary for Weingarten shareholders to adequately assess and value the merger consideration. On behalf of Weingarten 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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