Brodsky & Smith, LLC Announces Investigation of The Board of Directors of BioMed Realty Trust, Inc.
October 09 2015 - 10:10PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
BioMed Realty Trust, Inc. ("BioMed” or "the Company") (NYSE: BMR)
for possible breaches of fiduciary duty and other violations of
state law in connection with the sale of the Company to The
Blackstone Group L.P. (“Blactstone”).
Click here to learn more about the investigation
http://brodsky-smith.com/986-bmr-biomed-realty-trust-inc.html, or
call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, BioMed shareholders will
receive only $23.75 in cash for each share of BioMed stock they
own. The investigation concerns whether the Board of BioMed
breached their fiduciary duties to shareholders and whether
Blackstone is underpaying for BioMed. The transaction may
undervalue BioMed and will result in no real gain for many BioMed
shareholders. For example, BioMed stock traded at $24.95 as
recently as January 26, 2015 and analyst has set a price target on
BioMed stock at $24.00 per share.
If you own shares of BioMed 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://brodsky-smith.com/986-bmr-biomed-realty-trust-inc.html, 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20151009005897/en/
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90http://brodsky-smith.com/986-bmr-biomed-realty-trust-inc.html