BALA CYNWYD, PA / ACCESSWIRE / November 6, 2019 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Liberty Property Trust - ("LPT" or the "Company") (LPT) for possible breaches of fiduciary duty and other violations of federal and state law in connection with proposed acquisition of the Company by Prologis, Inc. ("Prologis") (PLD). Under the terms of the agreement, LPT shareholders will receive only 0.675 shares of Prologis stock for each share of LPT common stock owned.
The investigation concerns whether the LPT Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether Prologis is underpaying for the Company. The transaction may undervalue the Company and result in a loss for LPT shareholders. Additionally, because the deal is structured as an all-stock transaction, the price will be subject to fluctuations of Prologis shares.
If you own shares of LPT 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 Marc L. Ackerman, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://www.brodskysmith.com/cases/liberty-property-trust-nyse-lpt/, or calling toll free 877-534-2590.
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
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