We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Cedar Realty Trust, Inc. (“Cedar Realty” or the “Company”) (NYSE: CDR), in connection with the proposed acquisition of the Company by Wheeler Real Estate Investment Trust, Inc. (“Wheeler”) (NASDAQ:WHLR). Under the terms of the merger agreement, the Company’s shareholders will receive $29.00 in cash for each share of Cedar Realty common stock that they hold.
WeissLaw LLP is investigating whether (i) Cedar Realty’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $29.00 per-share merger consideration adequately compensates Cedar Realty’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.