Inland Real Estate Corporation (NYSE: IRC)


The firm is investigating into whether the board members of Inland Real Estate Corporation (IRC) breached their fiduciary duties in connection with the proposed sale of the Company to DRA Advisors LLC.

On December 15, 2015 IRC announced that it had signed a definitive merger agreement with DRA. Under the terms of the agreement, DRA will acquire all issued and outstanding common stock of IRC for $10.60 per share in cash.

The investigation concerns whether the IRC board is acting in the shareholders’ best interests, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for the Company’s shares of common stock. Nationally recognized Johnson & Weaver is investigating whether the proposed deal price represents adequate consideration, especially since one Wall Street analyst has a $12.00 price target on the stock which is more than the $10.60 offer price. Earlier this year IRC stock traded over $11.70 per share.

If you are a current shareholder and would like to discuss your options of exercising your rights as a shareholder, which include ensuring that the company is getting the highest possible price for the company, and that the board of directors will act in the best interest of the shareholders, please contact us.

Please submit the following information so we can determine if you qualify for the suit. If you don't know all the specific details, partial information is also acceptable.

Personal Information
Name:
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Stock Information
Do you currently own the stock? Yes   No
Purchase Date:
Quantity Purchased:
Purchase Price Per Share:

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