NEW YORK, June 28, 2017 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of First Potomac Realty Trust ("First Potomac" or the "Company") (NYSE: FPO) concerning the proposed acquisition of the Company by Government Properties Income Trust ("GPIT").
Under the terms of the offer, GPIT would acquire First Potomac for approximately $1.4 billion. Pursuant to the terms of the transaction, common shareholders of First Potomac will receive $11.15 per share owned. At least one Wall Street analyst has set a target price for First Potomac stock of $12 per share.
Our investigation concerns whether the First Potomac board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders.
If you own First Potomac shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212) 935-7400
Email: [email protected]
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
Attorney Advertising. The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.
SOURCE Harwood Feffer LLP
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