NEW YORK, May 22, 2015 /PRNewswire/ – Faruqi &
Faruqi, LLP, a leading national securities firm, is investigating
the Board of Directors of Trade Street Residential, Inc. ("Trade
Street" or the "Company") (Nasdaq: TSRE) for potential breaches of
fiduciary duties in connection with the sale of the Company to
Independence Realty Trust, Inc. ("IRT") (NYSE MKT: IRT) in a cash
and stock deal. According to the terms of the deal, the Company's
stockholders will receive $3.80 in
cash and 0.4108 shares of IRT for each share of Trade Street common
stock they own.
The deal values each Trade Street share at approximately
$7.60, based on an agreed upon
reference price of $9.25 for IRT
shares. Analysts have set price targets as high as $9.50 for a share of Trade Street.
Click here for more information: www.faruqilaw.com/TSRE.
There is no cost or obligation to you.
The investigation focuses on whether Trade Street's Board of
Directors breached their fiduciary duties to the Company's
stockholders by failing to conduct a fair sales process and whether
and by how much this proposed transaction undervalues the Company
to the detriment of Trade Street's shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The
firm is focused on providing exemplary legal services in complex
litigation in the areas of securities, shareholder, antitrust and
consumer litigation, throughout all phases of litigation. The
firm has an experienced trial team which has achieved significant
victories on behalf of the firm's clients. To keep track of the
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If you own common stock in Trade Street and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.faruqilaw.com/TSRE or contact Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Contact:
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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The law firm responsible for this advertisement is Faruqi &
Faruqi, LLP (www.faruqilaw.com). Prior results do not
guarantee or predict a similar outcome with respect to any future
matter. We are happy to discuss your particular case.
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