NEW YORK, March 25, 2019 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased TIER REIT, Inc. (“TIER” or the “Company”) (NYSE: TIER) stock prior to March 25, 2019.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of TIER to Cousins Properties Inc. (NYSE: CUZ). Under the terms of the transaction, TIER shareholders will receive 2.98 shares of Cousins stock for each share of TIER stock they own. To learn more about the action and your rights, go to:
The TIER merger investigation concerns whether the Board of TIER breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Cousins is underpaying for TIER shares, thus unlawfully harming TIER shareholders.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171