Rouse Properties Inc (NYSE:RSE) Investor Investigation Concerning Takeover Offer at $17.00 Per Share Announced

If you purchased shares of Rouse Properties Inc (NYSE:RSE) and currently hold any of those NYSE:RSE shares, you have certain options and you should contact the Shareholders Foundation, Inc.

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Company Name(s): 
Rouse Properties
Affected Securities: 

January 25, 2016 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Rouse Properties Inc (NYSE:RSE), was announced concerning whether the takeover of Rouse Properties Inc. by Brookfield Asset Management Inc. on behalf of a real estate fund managed by Brookfield at $17.00 per share is unfair to NYSE:RSE stockholders.

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

On January 19, 2016, Rouse Properties Inc (NYSE:RSE) announced that on January 16, 2016, the Company’s board of directors received a written, unsolicited, non-binding proposal from Brookfield Asset Management Inc. (NYSE: BAM; TSX: BAM.A; Euronext: BAMA), on behalf of a real estate fund managed by Brookfield, to acquire all the outstanding shares of Rouse Properties’ common stock, other than those shares currently held by Brookfield Property Partners and its affiliates, together the beneficial owners of approximately 33% of the Company's outstanding common stock, for a purchase price of $17.00 per share in cash, which stated that the proposal is not subject to any financing contingencies and is not subject to any due diligence on the Company.

However, given that at least one analyst has set the high target price for NYSE:RSE shares at $23.00 per share and given that NYSE:RSE shares traded in early 2015 as high as $20.19 per share and rose following the takeover offer in the open market to as high as $17.90 per share on January 22, 2016, the
investigation concerns whether the offer is unfair to Rouse Properties Inc (NYSE:RSE stockholders. More specifically, the investigation concerns whether the Rouse Properties Inc (NYSE:RSE 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.