Silver Bay Realty Trust Corp (NYSE:SBY) Investor Investigation Over Potential Wrongdoing In Acquisition Announced

If you purchased shares of Silver Bay Realty Trust Corp (NYSE:SBY) and currently hold any of those NYSE:SBY 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): 
Silver Bay Realty Trust
Affected Securities: 
NYSE: SBY

March 10, 2017 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Silver Bay Realty Trust Corp (NYSE:SBY), was announced concerning whether the takeover of Silver Bay Realty Trust Corp. by Tricon Capital Group Inc for $21.50 per share is unfair to NYSE:SBY stockholders.

The investigation by a law firm concerns whether certain officers and directors of Silver Bay Realty Trust Corp breached their fiduciary duties owed to NYSE:SBY investors in connection with the proposed acquisition.

On February 27, 2017 Silver Bay Realty Trust Corp (NYSE:SBY) announced that its Board of Directors has approved and Silver Bay Realty Trust Corp has entered into an agreement pursuant to which Tricon Capital Group Inc. will acquire Silver Bay Realty Trust Corp (NYSE:SBY) in a transaction valued at approximately $1.4 billion. Under the terms of the agreement Silver Bay’s stockholders will receive $21.50 per share in cash for each outstanding share of common stock held immediately prior to the closing of the transaction.

However, given that at least one analyst has set the high target price for NYSE:SBY shares at $22.00 per share, the investigation concerns whether the offer is unfair to NYSE:SBY stockholders. More specifically, the investigation concerns whether the Silver Bay Realty Trust 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.