WILMINGTON, Del., May 02, 2019 (GLOBE NEWSWIRE) -- Rigrodsky & Long, P.A.:
- Do you own shares of TIER REIT, Inc. (NYSE: TIER)?
- Did you purchase any of your shares prior to March 25, 2019?
- Do you think the proposed merger is fair?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of TIER REIT, Inc. (“TIER” or the “Company”) (NYSE: TIER) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to merge with Cousins Properties Incorporated (“Cousins”) (NYSE: CUZ). Under the terms of the agreement, Cousins will issue 2.98 shares of newly issued common stock in exchange for each share of TIER stock. Upon closing, Cousins and TIER stockholders will own approximately 72% and 28% of the combined company's stock, respectively.
If you own common stock of TIER and purchased any shares before March 25, 2019, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra toll-free at (888) 969-4242, by e-mail at firstname.lastname@example.org, or at https://www.rigrodskylong.com/offices-contact.
Rigrodsky & Long, P.A., with offices in Delaware, New York, and California, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in numerous cases nationwide, including federal securities fraud actions, shareholder class actions, and shareholder derivative actions.
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