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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Gramercy Property Trust (NYSE: GPT) to Blackstone Real Estate Partners VIII for $27.50 for per share.
The investigation concerns whether the Board of Gramercy Property breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Blackstone Real Estate Partners VIII is underpaying for Gramercy Property shares, thus unlawfully harming Gramercy Property shareholders.
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