Colonial Properties Trust Alert: Briscoe Law Firm and Powers Taylor, LLP
Investigate Sale to Mid-America Apartment Communities, Inc.
DALLAS -- June 3, 2013
Former United States Securities and Exchange Commission attorney Willie
Briscoe and the securities litigation firm of Powers Taylor, LLP are
investigating the sale of Colonial Properties Trust (“CLP”) (NYSE: CLP) to
Mid-America Apartment Communities, Inc., for shareholders. Under the terms of
the proposed sale, CLP shareholders will receive only 0.36 of a Mid-America
share for each share of CLP stock owned. Based on Mid-America’s close price on
Friday, this represents $24.47 per each CLP share.
If you are an affected investor, and you want to learn more about the lawsuit
or join the action, please contact Willie Briscoe at The Briscoe Law Firm,
PLLC, (214) 239-4568, via email at WBriscoe@TheBriscoeLawFirm.com or Patrick
Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at
firstname.lastname@example.org. There is no cost or fee to you.
The CLP sale investigation centers on whether CLP’s shareholders are receiving
adequate compensation for their shares in the proposed deal, whether the
transaction undervalues CLP’s stock, and whether CLP’s board attempted to
obtain the highest share price for all shareholders prior to agreeing to the
deal. Notably, at least one analyst has set a target price of CLP as high as
$26.00 per share.
The Briscoe Law Firm, PLLC is a full service business litigation and
shareholder rights advocacy firm with more than 20 years of experience in
complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that handles a variety of
complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits, and
security class actions.
The Briscoe Law Firm, PLLC
Willie Briscoe, 214-239-4568
Powers Taylor, LLP
Patrick Powers, 877-728-9607
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