Kendall Law Group Investigates Whether Gramercy Property Trust Inc. Obtained a Fair Price in Sale to Chambers Street Properties

DALLAS--()--Kendall Law Group, led by former federal judge Joe Kendall, is investigating Gramercy Property Trust Inc. (NASDAQ: GPT) and its Board of Directors on behalf of shareholders in connection with the proposed sale to Chambers Street Properties (NYSE: CSG). Pursuant to the terms of the merger, Gramercy shareholders will receive 3.1898 shares of Chambers for each Gramercy share. Upon closing, Chambers shareholders will own approximately 56% and Gramercy shareholders will own approximately 44% of the combined company.

The long-term financial outlook of Gramercy looks positive; however, based on yesterday’s closing price, Gramercy shareholders will only receive approximately $25.36 per share. The merger agreement also places questionable limits on prospective bids and a hefty termination fee if a more favorable bid is accepted by Gramercy.

The national securities firm’s investigation seeks to determine whether Gramercy and its Board breached their fiduciary duties by failing to fulfill its fiduciary duties, failing to maximize the value of the Company, failing to disclose all material benefits and costs, and failing to obtain the best possible consideration for the Gramercy shareholders.

If you currently own shares of Gramercy and want to know more about your rights, you are encouraged to contact Jamie McKey at the Kendall Law Group at 877-744-3728 or by email at jmckey@kendalllawgroup.com to learn more about your rights as a shareholder. There is no cost or obligation to you. Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in nationwide complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.

Contacts

Kendall Law Group LLP
Jamie McKey, 214-744-3000
877-744-3728 Toll Free
214-744-3015 Facsimile
jmckey@kendalllawgroup.com
www.kendalllawgroup.com

Website

Kendall Law Group