We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Columbia Property Trust, Inc. (“Columbia Property” or the “Company”) (NYSE: CXP) in connection with the proposed acquisition of the Company by Pacific Investment Management Company LLC. Under the terms of the merger agreement, the Company’s shareholders will receive $19.30 per share in cash for each share of Columbia Property common stock that they hold. The transaction is valued at approximately $3.9 billion.
WeissLaw LLP is investigating whether (i) Columbia Property’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $19.30 per-share merger consideration adequately compensates Columbia Property’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.