Ryan & Maniskas, LLP Announces Investigation of MPG Office Trust, Inc. on
Behalf of MPG Preferred Shareholders
WAYNE, Pa., May 15, 2013
WAYNE, Pa., May 15, 2013 /PRNewswire/ -- Ryan & Maniskas, LLP
(www.rmclasslaw.com/cases/mpg) is investigating potential claims against the
board of directors of MPG Office Trust, Inc. ("MPG" or the "Company") (NYSE:
MPG, MPG-PA) concerning possible breaches of fiduciary duty and other
violations of law related to the Company's efforts to sell the Company to a
newly formed fund controlled by Brookfield Office Properties Inc. in an
all-cash deal valued at about $2 billion.
(Logo: http://photos.prnewswire.com/prnh/20121112/MM11729LOGO )
Our investigation concerns possible breaches of fiduciary duty and other
violations of law related to the approval of the transaction by the Company's
board of directors; in particular, whether the Company undertook a fair
process to obtain fair consideration for all shareholders of MPG. For more
information regarding our investigation, please contact Ryan & Maniskas, LLP
(Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at
email@example.com or visit: www.rmclasslaw.com/cases/mpg.
Under the terms of the proposed transaction, MPG's stockholders will receive
$3.15 in cash for each share of MPG common stock they own.
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.
If you own shares of MPG and would like to learn more about these claims or if
you wish to discuss these matters and have any questions concerning this
announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at
(877) 316-3218 or to sign up online, visit: www.rmclasslaw.com/cases/mpg. You
may also email Mr. Maniskas at firstname.lastname@example.org. For more information
about class action cases in general, please visit our website:
Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan &
Maniskas, LLP is devoted to protecting the interests of individual and
institutional investors in shareholder actions in state and federal courts
CONTACT: Ryan & Maniskas, LLP
Richard A. Maniskas, Esquire
995 Old Eagle School Rd., Suite 311
Wayne, PA 19087
SOURCE Ryan & Maniskas, LLP
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