Equity One, Inc. (NYSE:EQY) Investor Investigation Over Potential Breaches Of Fiduciary Duties In Acquisition Announced

If you purchased shares of Equity One, Inc. (NYSE:EQY) and currently hold any of those NYSE:EQY 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): 
Equity One
Affected Securities: 

November 18, 2016 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Equity One, Inc. (NYSE:EQY), was announced concerning whether the takeover of Equity One, Inc. by Regency Centers Corporation for a value of approximately $29.42 per share is unfair to NYSE:EQY stockholders.

The investigation by a law firm concerns whether certain officers and directors of Equity One, Inc. breached their fiduciary duties owed to NYSE:EQY investors in connection with the proposed acquisition.

On November 14, 2016, Regency Centers Corporation (NYSE: REG) and Equity One, Inc. (NYSE: EQY) announced that they have entered into a definitive merger agreement under which Equity One will merge with and into Regency, with Regency continuing as the surviving public company. Under the terms of the Agreement, each share of Equity One common stock will be converted into 0.45 shares of newly issued shares of Regency common stock. Based on a closing price of $65.38 per NYSE:REG shares on November 17, 2016, shareholder of Equity One, Inc. (NYSE:EQY) will receive a value of approximately $29.42 per NYSE:EQY share.

However, given that at least one analyst has set the high target price for NYSE:EQY shares at $35.00 per share and given that NYSE:EQY shares reached as high as $30.63 per share after the takeover news, the investigation concerns whether the offer is unfair to NYSE:EQY stockholders.

In addition, given that Gazit-Globe, which owns approximately 34 percent of the outstanding stock of Equity One, has already agreed to vote in favor the transaction, the investigation concerns whether the Equity One 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.

Equity One, Inc. reported that its annual Total Revenue rose from $353.19 million in 2014 to $360.15 million in 2015 and that its Net Income rose from $45.93 million to $65.45 million.

Shares of Equity One, Inc. (NYSE:EQY) reached in July 2016 as high as $33.27 per share.