MPG Preferred Shareholder Alert: Law Firm of Wohl & Fruchter Commences
Investigation into Acquisition of MPG Office Trust, Inc. by Brookfield
Office Properties, Inc.
NEW YORK -- May 8, 2013
The law firm of Wohl & Fruchter LLP is investigating the proposed acquisition
of MPG Office Trust, Inc. (MPG) (NYSE: MPG) by Brookfield Office Properties,
Inc. (BPO). We are focusing on the impact of the acquisition on the rights of
MPG preferred shareholders.
On April 25, 2013, BPO and MPG announced they had entered into an agreement
under which a newly formed entity controlled by BPO, DTLA Holdings L.P. (DTLA
Holdings), will acquire the common stock of MPG for $3.15 per share in cash.
The agreement also provides that DTLA Holdings will commence a tender offer to
purchase all of MPG's preferred shares for $25.00 per share in cash.
Alternatively, instead of tendering, MPG preferred shareholders may opt to
have their MPG preferred shares converted into new preferred shares of another
entity controlled by BPO, DTLA Fund Office Trust Investor Inc. (DTLA Fund),
with rights, terms and conditions substantially identical to those of MPG’s
However, if 66.6% or more of the MPG preferred shares are tendered, then DTLA
Holdings will have the right to convert all remaining MPG preferred shares
into cash at the price of $25.00 per preferred share without the consent of
such MPG preferred shareholders.
Our investigation concerns, among other things, whether the treatment of MPG
preferred shareholders in connection with the transaction is unfairly and
Additional information is available
Persons with relevant information, and MPG preferred shareholders with
questions about this investigation, are invited to contact our Firm by calling
866.582.8140, or contacting the attorney below.
About Wohl & Fruchter
Wohl & Fruchter LLP represents plaintiffs in litigation arising from fraud and
other fiduciary breaches by corporate managers, as well as other complex
litigation matters. Please visit our website, www.wohlfruchter.com, to learn
more about our Firm, or contact one of our partners.
J. Elazar Fruchter (firstname.lastname@example.org)
Wohl & Fruchter LLP
570 Lexington Avenue
New York, NY 10022
This release may be deemed to constitute attorney advertising.
Wohl & Fruchter LLP
J. Elazar Fruchter, 845.425.4658
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