RETAIL PROPERTIES OF AMERICA ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of RPAI and Encourages Investors to Contact the Firm

On July 19, 2021, RPAI announced that it had entered into an agreement to merge with KRG in a deal valued at $7.5 billion.

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GlobeNewswire, Inc.

Retrieved on:

Wednesday, July 28, 2021

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Tags:

Corporate finance, Financial economics, Finance, Stock market, Money, Equity securities, Common stock, Security, Stock, Derivative, Mergers and acquisitions

Geotags:

NEW YORK, Us, UNITED STATES, CALIFORNIA, SOUTH CAROLINA

Organisation:

BRAGAR EAGEL & SQUIRE

Summary

Key Points:

On July 19, 2021, RPAI announced that it had entered into an agreement to merge with KRG in a deal valued at $7.5 billion.
Pursuant to the merger agreement, RPAI stockholders will receive 0.6230 shares of KRG common stock for each share of RPAI common stock owned.
Bragar Eagel & Squire is concerned that RPAIs board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement.
The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country.

NEW YORK, July 28, 2021 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the officers or directors of Retail Properties of America, Inc. (NYSE: RPAI) (“RPAI”) breached their fiduciary duties or violated the federal securities laws in connection with the company’s proposed merger with Kite Realty Group Trust (NYSE: KRG) (“KRG”).

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On July 19, 2021, RPAI announced that it had entered into an agreement to merge with KRG in a deal valued at $7.5 billion. Pursuant to the merger agreement, RPAI stockholders will receive 0.6230 shares of KRG common stock for each share of RPAI common stock owned. The deal is scheduled to close in the fourth quarter of 2021.

Bragar Eagel & Squire is concerned that RPAI’s board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for RPAI’s stockholders.

If you own shares of RPAI and are concerned about the proposed merger, or you are interested in learning more about the investigation or your legal rights and remedies, please contact Melissa Fortunato or Alexandra Raymond by email at [email protected] or telephone at (646) 860-9157, or by filling out this contact form. There is no cost or obligation to you.

About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information:
Bragar Eagel & Squire, P.C.
Melissa Fortunato, Esq.
Alexandra Raymond, Esq.
[email protected]
www.bespc.com