An investigation on behalf of investors of Northstar Realty Europe Corp. (NYSE: NRE) in connection with the proposed takeover was announced and NYSE: NRE stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 07/23/2019 -- An investigation was announced forinvestors, who currently hold shares of Northstar Realty Europe Corp. (NYSE: NRE), concerning whether the takeover of Northstar Realty Europe Corp. is unfair.
Investors who purchased shares of Northstar Realty Europe Corp. (NYSE: NRE) and currently hold any of those NYSE: NRE shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of Northstar Realty Europe Corp. breached their fiduciary duties owed to NYSE: NRE investors in connection with the proposed acquisition.
New York based NorthStar Realty Europe Corp. is a European focused commercial real estate company with predominately prime office properties within key cities in Germany, the United Kingdom and France.
On July 3, 2019, NorthStar Realty Europe Corp. (NYSE: NRE) announced that following a comprehensive strategic review it has entered into a definitive merger agreement with AXA Investment Managers - Real Assets ("AXA IM - Real Assets") for the acquisition of all of the outstanding shares of common stock of the Company. The estimated per share merger consideration of US$17.03 is based on the three-month forward foreign exchange rates and represents a 16.4% premium to the Company's unaffected closing stock price of US$14.63 on November 6, 2018, the last reporting day before NRE announced its strategic review process.
However, the investigation concerns whether the offer is unfair to NYSE: NRE stockholders. More specifically, the investigation concerns whether the Northstar Realty Europe 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 Northstar Realty Europe Corp. (NYSE: NRE) closed on July 22, 2019, at $per share.
Those who are current investors in Northstar Realty Europe Corp. (NYSE: NRE) 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
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.