GRAMERCY PROPERTY SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Gramercy Property Trust Inc. (GPT) Over the Proposed Sale of the Company to Chambers Street Properties

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Gramercy Property Trust Inc.

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Faruqi & Faruqi, LLP

Jul 01, 2015, 10:48 ET

NEW YORK, July 1, 2015 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Gramercy Property Trust Inc. ("Gramercy Property" or the "Company") (NYSE:GPT) for potential breaches of fiduciary duties in connection with the sale of the Company to Chambers Street Properties for approximately $5.7 billion in a stock transaction. The Company's stockholders will only receive 3.19 shares of Chambers Street for each share of Company common stock they own. The transaction values New York-based Gramercy Property at $25.36 per share.

However, the median target price set by market analysts is of $32.00 per share. Further the stock has traded historically at higher prices and even low target prices, of $29.50 per share, are above the current offer.

Click here for more information: www.faruqilaw.com/GPT. There is no cost or obligation to you.

The investigation focuses on whether Gramercy Property's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Gramercy Property's shareholders.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.

If you own common stock in Gramercy Property and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/GPT or contact Juan E. Monteverde, Esq. either via e-mail at [email protected] or by telephone at (877) 247-4292 or (212) 983-9330.

Contact:
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
[email protected]
Toll Free: (877) 247-4292
Phone: (212) 983-9330

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