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GRAMERCY PROPERTY TRUST INC. SHAREHOLDER ALERT: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Investigate Merger with Chambers Street Properties
[July 01, 2015]

GRAMERCY PROPERTY TRUST INC. SHAREHOLDER ALERT: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Investigate Merger with Chambers Street Properties


Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential claims against the Board of Directors of Gramercy Property Trust Inc. ("Gramercy") (NYSE: GPT) concerning the merger with Chambers Street Properties ("Chambers Street") (NYSE: CSG). Under the terms of the agreement, Gramercy shareholders will only receive 3.1898 shares of CSG per Gramercy share held. Based on the closing price of Chambers Street before the deal was announced, the consideration is valued at approximately $25.36, which is significantly lower than the 52-week high and at least one analyst's estimated value of $34.00 for Gramercy. Upon closing, Chambers Street shareholders will own approximatey 56% and Gramercy shareholders will own approximately 44% of the combined company.



If you are an affected investor, and you want to learn more about the investigation or if you have information that you believe would be helpful to our investigation of the fairness of the proposed transaction, contact Willie Briscoe at The Briscoe Law Firm, PLLC via email at [email protected], Patrick Powers at Powers Taylor LLP via e-mail at [email protected] or by calling toll free at (877) 728-9607. There is no cost or fee to you.

The investigation centers on whether Gramercy's Board of Directors is acting in the shareholders' best interests, whether the board is properly negotiating a higher share price for the shareholders, and whether the board has employed an adequate process to review and act on the proposed transaction. Notably, at least one analyst with Yahoo! Finance believes the true inherent value of Gramercy could be as high as $34.00 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.


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