We Give Shareholders a Voice
Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of TIER REIT, Inc. (NYSE: TIER) to Cousins Properties Inc. (NYSE: CUZ). Under the terms of the transaction, TIER shareholders will receive 2.98 shares of Cousins stock for each share of TIER stock they own.
The TIER merger investigation concerns whether the Board of TIER breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Cousins is underpaying for TIER shares, thus unlawfully harming TIER shareholders.
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