AP NEWS
ADVERTISEMENT
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Weingarten Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Sale of Weingarten Realty Investors Is Fair to Shareholders; Investors Are Encouraged to Contact the Firm – WRI

April 15, 2021 GMT

NEW YORK--(BUSINESS WIRE)--Apr 15, 2021--

Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Weingarten Realty Investors (NYSE: WRI) to Kimco Realty Corporation is fair to Weingarten shareholders. Under the terms of the merger, Weingarten shareholders will receive 1.408 newly issued shares of Kimco common stock and $2.89 in cash for each common share they own. Upon closing, Weingarten shareholders are expected to own approximately 29% of the combined company.

Halper Sadeh encourages Weingarten shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com.

ADVERTISEMENT

The investigation concerns whether Weingarten and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Weingarten shareholders; (2) determine whether Kimco is underpaying for Weingarten; and (3) disclose all material information necessary for Weingarten shareholders to adequately assess and value the merger consideration. On behalf of Weingarten shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.

Halper Sadeh encourages Weingarten shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com.

ADVERTISEMENT

Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

View source version on businesswire.com:https://www.businesswire.com/news/home/20210415006017/en/

CONTACT: Halper Sadeh LLP

Daniel Sadeh, Esq.

Zachary Halper, Esq.

(212) 763-0060

sadeh@halpersadeh.com

zhalper@halpersadeh.com

https://www.halpersadeh.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES

SOURCE: Halper Sadeh LLP

Copyright Business Wire 2021.

PUB: 04/15/2021 03:51 PM/DISC: 04/15/2021 03:51 PM

http://www.businesswire.com/news/home/20210415006017/en