An investigation on behalf of investors of First Potomac Realty Trust (NYSE:FPO) in connection with the proposed takeover was announced and NYSE:FPO stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 08/23/2017 -- An investigation was announced for investors in shares of First Potomac Realty Trust (NYSE:FPO) whether the takeover of First Potomac Realty Trust. by Government Properties Income Trust.
Investors who purchased shares of First Potomac Realty Trust (NYSE:FPO) and currently hold any of those NYSE:FPO shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm concerns whether certain directors of First Potomac Realty Trust breached their fiduciary duties owed to NYSE:FPO investors in connection with the proposed acquisition.
On jun e28, 2017, First Potomac Realty Trust (NYSE:FPO) announced that it has entered into a merger agreement with Government Properties Income Trust (NASDAQ:GOV) under which Government Properties Income Trust will acquire all of the outstanding shares of First Potomac Realty Trust (NYSE:FPO). The transaction, which is valued at $1.4 billion, including the assumption of debt, is expected to close prior to year end 2017. Under the terms of the agreement, First Potomac Realty Trust (NYSE:FPO) shareholders will receive $11.15 in cash per share at the close of the transaction.
However, the investigation concerns whether the offer is unfair to NYSE:FPO stockholders. More specifically, the investigation concerns whether the First Potomac Realty Trust Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
Shares of First Potomac Realty Trust (NYSE:FPO) closed on August 22, 2017 at $11.12 per share.
Those who are current investors in First Potomac Realty Trust shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com