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INVESTOR ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of Silver Bay Realty Trust Corp. And Encourages Shareholders To Contact The Firm For Additional Information

SILVER BAY REALTY TRUST (SBY)  More Company Research Source: Business Wire
US:NYSE Investor Relations: investors.silverbayrealtytrustcorp.com
PDF STEVENSON, Md.--(BUSINESS WIRE)-- The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Silver Bay Realty Trust Corp. (NYSE:SBY) (“Silver Bay” or the “Company”) relating to the proposed buyout of Silver Bay by Tricon Capital Group Inc. Under the terms of the agreement, Silver Bay shareholders are anticipated to receive $21.50 in cash for each share of Silver Bay common stock held. The firm’s investigation seeks to determine, among other things, whether the Company’s Board of Directors failed to satisfy their duties to shareholders, including whether the Board adequately pursued alternatives to the acquisition and whether the Board obtained the best price possible for the Company’s shares of common stock. If you currently own common stock [Read more]

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