MILWAUKEE, April 25, 2022 /PRNewswire/ -- Ademi LLP is investigating PS Business Parks (NYSE: PSB) for possible breaches of fiduciary duty and other violations of law in its transaction with Ergon.
Click here to learn how to join the action: https://www.ademilaw.com/case/ps-business-parks-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Ademi LLP alleges PS Business Parks' financial outlook and prospects are excellent and yet PS Business Parks holders will receive only $187.50 per share. The transaction agreement unreasonably limits competing bids for PS Business Parks by prohibiting solicitation of further bids, and imposing a significant penalty if PS Business Parks accepts a superior bid. PS Business Parks insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of PS Business Parks' board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for PS Business Parks.
If you own PS Business Parks common stock and wish to obtain additional information, please contact Guri Ademi either at gademi@ademilaw.com or toll-free: 866-264-3995, or https://www.ademilaw.com/case/ps-business-parks-inc.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
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SOURCE Ademi LLP
