BALA CYNWYD, PA / ACCESSWIRE / July 27, 2018 / Law office of Brodsky & Smith, LLC announces that it is continuing its investigation of potential claims against the Board of Directors of Education Realty Trust, Inc. ("Education Realty Trust" or "the Company") (NYSE:EDR News) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to Greystar Student Housing and Income Fund, LP ("Greystar").
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Under the terms of the transaction, Education Realty Trust shareholders will receive only $41.50 in cash for each share of Education Realty Trust stock they own. The investigation concerns whether the Board of Education Realty Trust breached their fiduciary duties to shareholders and whether Greystar is underpaying for the Company. The transaction may undervalue the Company and may not be in the Education Realty Trust shareholders best interests. For example, the transaction will result in loss for many long term holders of Education Realty Trust stock as shares of the Company have traded at $48.14 per share. In addition an analyst has set a $42.00 per share price target for the stock.
If you own shares of Education Realty Trust stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://www.brodskysmith.com/cases/education-realty-trust-inc-nyse-egc/, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE: Brodsky & Smith, LLC