Cogdell Spencer Inc. Shareholder Alert: The Briscoe Law Firm and Powers Taylor, LLP Investigate the Board of Cogdell Spencer Inc. Concerning the Sale of CSA to Ventas, Inc.

DALLAS, Dec. 27, 2011 /PRNewswire/ -- Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of Cogdell Spencer Inc. ("Cogdell" or "CSA") (NYSE: CSA) to Ventas, Inc. for shareholders.  Under the proposed acquisition, Cogdell shareholders and holders of units of Cogdell's operating partnership, Cogdell Spencer LP, will receive only $4.25 in cash for each share or unit of Cogdell stock and units owned, which is significantly less than the price that Cogdell shares traded during the summer of 2011, and significantly lower than analysts' target price for the company.

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If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at [email protected], or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at [email protected].  There is no cost or fee to you.

The definitive acquisition agreement involves an all cash transaction valued at approximately $635 million.  The transaction is expected to close in the second quarter of 2012.

The investigation centers on whether Cogdell shareholders and unit holders are receiving adequate compensation for their shares and units in the buyout, whether the transaction undervalues Cogdell stock, and whether Cogdell's board attempted to obtain the highest share and unit price prior to agreeing to the deal. In particular, the acquisition price represents an approximate 37% decrease in the value of Cogdell/CSA stock compared to the closing price of Cogdell shares as recently as March 3, 2011.  Further, at least one analyst has set a target price for Cogdell stock at $6.00 per share.  According to former SEC attorney Willie Briscoe, "Based on these and other factors, we are concerned that the transaction significantly undervalues Cogdell stock and units, and the sale of Cogdell is taking a unfair advantage of a recent downturn in the value of Cogdell's shares.  Our lawsuit will seek to obtain the highest share price for all shareholders and unit holders."

The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

SOURCE Powers Taylor, LLP

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