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PS Business Parks, Inc. Investigation
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PS Business Parks, Inc. Investigation

We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of PS Business Parks, Inc. (“PSB” or the “Company”)(NYSE: PSB), in connection with the proposed acquisition of the Company by Blackstone Real Estate.  Under the terms of the merger agreement, the Company’s shareholders will receive $187.50 in cash for each share of PSB common stock owned.  The transaction is valued at $7.6 billion.

Weiss Law is investigating whether (i) PSB’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $187.50 per-share merger consideration adequately compensates PSB’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.

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