StockNews.AI
ROIC
StockNews.AI
210 days

RETAIL OPPORTUNITY INVESTMENTS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Retail Opportunity Investments Corp. - ROIC

1. Retail Opportunity Investments Corp. is proposed to be sold to Blackstone. 2. Shareholders will receive $17.50 per share in cash. 3. Legal investigation underway regarding sale adequacy. 4. Concerns exist that the sale undervalues Retail Opportunity. 5. Shareholders advised to understand their legal rights.

3m saved
Insight
Article

FAQ

Why Bearish?

The investigation indicates potential undervaluation, affecting shareholder confidence. Past similar cases saw stock prices decline before resolution.

How important is it?

The investigation may alter perceptions of the proposed acquisition value, impacting stock price significantly.

Why Short Term?

Immediate reactions to investigation findings could influence share prices. Past events suggest quick market responses to similar news.

Related Companies

ROICBX
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Retail Opportunity Investments Corp. (NasdaqGS: ROIC) to Blackstone Inc. (NYSE: BX). Under the terms of the proposed transaction, shareholders of Retail Opportunity will receive $17.50 in cash for each share of Retail Opportunity that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company. If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (lewis.kahn@ksfcounsel.com) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nasdaqgs-roic/ to learn more. To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.

Related News