An investigation on behalf of investors of AmREIT Inc (NYSE:AMRE) in connection with the proposed takeover was announced and NYSE:AMRE stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 11/12/2014 -- An investigation on behalf of investors, who currently hold shares of AmREIT Inc (NYSE:AMRE), was announced concerning whether the takeover of AmREIT Inc by Edens Investment Trust for $26.55 per share is unfair to NYSE:AMRE stockholders.
Investors who purchased shares of AmREIT Inc (NYSE:AMRE) and currently hold any of those NYSE:AMRE 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 AmREIT Inc breached their fiduciary duties owed to NYSE:AMRE investors in connection with the proposed acquisition.
On October 31, 2014, AmREIT, Inc. (NYSE:AMRE) announced that it has entered into an agreement with Edens Investment Trust under which Edens Investment Trust will acquire all outstanding shares of common stock of AmREIT for $26.55 per share in an all-cash transaction with a total enterprise value of approximately $763 million.
However, the investigation concerns whether the offer is unfair to NYSE:AMRE stockholders. More specifically, the investigation concerns whether the AmREIT 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.
AmREIT Inc reported that its annual Total Revenue rose from $36.72 million in 2011 to $47.20 million in 2013 and that its Net Income grea from $4.24 million in 2011 to $14.82 million in 2013. Shares of AmREIT Inc (NYSE:AMRE) grew from $14.00 per share in August 2012 to as high as $19.12 per share on July 8, 2014.
On November 10, 2014, NYSE:AMRE shares closed at $26.69 per share.
Those who are current investors in AmREIT Inc (NYSE:AMRE) 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