BUYOUT ALERT – National Securities Law Firm Seeks Higher Price for Rouse Shareholders in Connection with Proposed Buyout, and Encourages Shareholders to Contact Law Firm for More Information
January 19, 2016
New York, New York
Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the potential sale of Rouse Properties, Inc. (NYSE: RSE) (“Rouse” or the “Company”) on behalf of its shareholders. Brookfield Asset Management Inc. announced that the fund has made a proposal to acquire the common shares of Rouse for $17.00 in cash per share. Brookfield currently owns approximately 33% of Rouse’s outstanding shares.
Our investigation has determined that the offer price of only $17 per share, unfairly under-values the true going forward inherent value of Rouse and that shareholders are not receiving the maximum value for their shares. Indeed, at least one analyst projects that the true going forward inherent value of the stock is worth at least $23 per share, and the stock hit a high of $19.95 within the past year. The investigation further seeks to determine whether Brookfield is entering into this deal for its own self-interests to the detriment of the Company’s shareholders.
If you are a shareholder of Rouse and would like additional information as to how the proposed acquisition may affect your rights as a shareholder, and how you may be eligible to obtain a higher price for your shares, please contact us toll free at 1-800-511-7037 or contact us via our website or go to Participate in an Action.
Tripp Levy PLLC represents individual and institutional shareholders in mergers and acquisitions transactions and has assisted in the recovery of billions of dollars for shareholders in securities actions around the globe.
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