Shareholders Foundation, Inc.

Gramercy Property Trust Inc (NYSE:GPT) Shareholder Alert: Investigation of Buyout

An investigation on behalf of investors of Gramercy Property Trust Inc (NYSE:GPT) in connection with the proposed takeover was announced and NYSE:GPT stockholders should contact the Shareholders Foundation.

 

San Diego, CA -- (SBWIRE) -- 07/15/2015 -- An investigation on behalf of investors, who currently hold shares of Gramercy Property Trust Inc (NYSE:GPT), was announced concerning whether the takeover of Gramercy Property Trust Inc by Chambers Street Properties for a value of approximately $25.36 per share is unfair to NYSE:GPT stockholders.

Investors who purchased shares of Gramercy Property Trust Inc (NYSE:GPT) and currently hold any of those NYSE:GPT shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of Gramercy Property Trust Inc breached their fiduciary duties owed to NYSE:GPT investors in connection with the proposed acquisition.

On July 1, 2015, Chambers Street Properties (NYSE:CSG) and Gramercy Property Trust Inc. (NYSE:GPT) announced that they have entered into an agreement to merge with an expected enterprise value of approximately $5.7 billion. Under the terms of the agreement, Gramercy shareholders will receive 3.1898 shares of Chambers Street for each share of Gramercy common stock they own. Based on a closing price of $7.95 per NYSE:CSG share on June 30, 2015 shareholders of Gramercy Property Trust Inc. (NYSE:GPT) will receive a value of approximately $25.36 per share.

However, given that at least one analyst has set the high target price for NYSE:GPT shares at $34 per share and that NYSE:GPT shares traded on the open market as recently as April 2015 as high as $28.60 per share, the investigation concerns whether the offer is unfair to NYSE:GPT stockholders. More specifically, the investigation concerns whether the Gramercy Property 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.

Gramercy Property Trust Inc reported that its annual Total Revenue rose from $56.70 million in 2013 to $107.94 million in 2014.

On July 13, 2015, NYSE:GPT shares closed at $23.30 per share.

Those who are current investors in Gramercy Property Trust Inc (NYSE:GPT) 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