Shareholder Alert: Ademi LLP investigates whether RPT Realty has obtained a Fair Price in its transaction with Kimco

MILWAUKEE, Aug. 28, 2023 /PRNewswire/ -- Ademi LLP is investigating RPT Realty (NYSE: RPT) for possible breaches of fiduciary duty and other violations of law in its transaction with Kimco.

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

In the transaction, RPT Realty stockholders are expected to receive only 0.6049 of a newly-issued Kimco share for each RPT share they own, representing a total consideration of approximately $11.34 per RPT share based on Kimco's closing share price on August 25, 2023. The transaction agreement unreasonably limits competing transactions for RPT Realty by imposing a significant penalty if RPT Realty accepts a competing bid. RPT Realty insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of RPT Realty's board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.

If you own RPT Realty 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/rpt-realty. 

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