MERGER ALERT – SIR and HBK: Levi & Korsinsky, LLP Reminds Investors of Investigations Concerning the Sale of these Companies
NEW YORK, Nov. 19, 2018 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
Levi & Korsinsky, LLP announces that investigations have commenced on behalf of shareholders of the following publicly-traded companies.
Select Income REIT (NASDAQGS: SIR)
Merger Announcement: September 17, 2018
Transaction Details: Select Income will be purchased by Government Properties Income Trust. Under the terms of the transaction, Select Income shareholders will receive 1.04 shares of Government Properties shares and a special dividend of 0.502 of a share of Industrial Logistics Property Trust for each share of Select Income stock they own; this represents a value of approximately $17.54 per share.
To learn more about the SIR investigation and your rights, go to: https://www.zlk.com/mna/select-income-reit.
Owens Realty Mortgage, Inc. (NYSE American: ORM)
Merger Announcement: November 7, 2018
Transaction Details: Owens Realty will be purchased by Ready Capital Corporation (NYSE: RC). Under the terms of the transaction, Owens Realty shareholders will receive 1.441 Ready Capital shares for each share of Owens Realty stock they own, based on a fixed exchange ratio subject to adjustments if the Company’s book value per share declines by more than three percent. Based on the closing price of Ready Capital stock on November 7, 2018, this represents a value of approximately $21.53 per share.
To learn more about the ORM investigation and your rights, go to: https://www.zlk.com/mna/owens-realty-mortgage-inc.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
jlevi@levikorsinsky.com
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
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