Shareholder Alert: Ademi LLP investigates whether INDUS Realty Trust, Inc. has obtained a Fair Price in its transaction with Centerbridge

MILWAUKEE, Feb. 22, 2023 /PRNewswire/ -- Ademi LLP is investigating INDUS (NASDAQ: INDT) for possible breaches of fiduciary duty and other violations of law in its transaction with Centerbridge. 

Click here to learn how to join the action https://www.ademilaw.com/case/indus-realty-trust-inc or call Guri Ademi toll-free at 866-264-3995.  There is no cost or obligation to you.

Ademi LLP alleges INDUS's financial outlook and prospects are excellent and yet INDUS shareholders will receive only $67.00 per share, in an all-cash transaction valued at approximately $868 million. The transaction agreement unreasonably limits competing bids for INDUS by imposing a significant penalty if INDUS accepts a superior bid. INDUS insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of INDUS's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for INDUS.

If you own INDUS common stock and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or https://www.ademilaw.com/case/indus-realty-trust-inc.                       

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts

Ademi LLP                                                                                       
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001

SOURCE Ademi LLP