We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of American Campus Communities, Inc. (“ACC” or the “Company”) (NYSE: ACC), in connection with the proposed acquisition of the Company by Blackstone Inc. (NYSE: BX). Under the terms of the merger agreement, the Company’s shareholders will receive $65.47 in cash for each share of ACC common stock owned. The transaction is valued at $12.8 billion.
Weiss Law is investigating whether (i) ACC’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $65.47 per-share merger consideration adequately compensates ACC’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.