Associated Estates Realty Corporation (NYSE:AEC) Investor Investigation Over Possible Wrongdoing In Acquisition Announced

If you purchased shares of Associated Estates Realty Corporation (NYSE:AEC) and currently hold any of those NYSE:AEC shares, you have certain options and you should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this investigation, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
Associated Estates Realty
Affected Securities: 
NYSE: AEC

April 27, 2015 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Associated Estates Realty Corporation (NYSE:AEC), was announced concerning whether the takeover of Associated Estates Realty Corporation by a real estate fund managed by Brookfield Asset Management is unfair to NYSE:AEC stockholders.

The investigation by a law firm concerns whether certain officers and directors of Associated Estates Realty Corporation breached their fiduciary duties owed to NYSE:AEC investors in connection with the proposed acquisition.

On April 22, 2015, Associated Estates Realty Corporation (NYSE:AEC) announced its Board of Directors has approved a merger agreement under which a real estate fund managed by Brookfield Asset Management will acquire all outstanding shares of common stock of Associated Estates Realty Corporation (NYSE:AEC) for $28.75 per share in cash.

However, the investigation concerns whether the offer is unfair to NYSE:AEC stockholders. More specifically, the investigation concerns whether the Associated Estates Realty Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
Associated Estates Realty Corporation reported that its annual Total Revenue rose from $149.62 million in 2011 to $194.08 million in 2014 and that its respective Net Income increased from $5.33 million to $144.71 million.

Shares of Associated Estates Realty Corporation (NYSE:AEC) grew from $13.77 per share in August 2013 to as high as $26.03 per share in March 2015.