BALA CYNWYD, Pa., Oct. 28, 2015 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Campus Crest
Communities, Inc. ("Campus Crest" or "the Company") (NYSE-
CCG-News) for possible breaches of fiduciary duty and other
violations of state law in connection with the sale of the Company
to Harrison Street Real Estate Capital LLC. ("Harrison Street").
Click here to learn more about the investigation
http://brodsky-smith.com/992-ccg-campus-crest-communities-inc.html,
or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Campus Crest shareholders
will receive only $6.90 in cash and a
contingent consideration of $0.13 for
each share of Campus Crest stock they own. The $0.13 contingent consideration is the net sale
proceeds currently estimated from the separate sale of the Campus
Crest's ownership interest in evo Montreal joint venture. The investigation
concerns whether the Board of Campus Crest breached their fiduciary
duties to shareholders and whether Harrison
Street is underpaying for Campus Crest. The transaction may
undervalue Campus Crest and will result in a loss for many Campus
Crest shareholders. For example, Campus Crest stock traded at
$8.04 per share as recently as
March 3, 2015 and traded at
$9.50 per share on February 13, 2014. Further, an analyst has also
placed an $8.00 per share price
target on Campus Crest stock.
If you own shares of Campus Crest stock and wish to discuss the
legal ramifications of the investigation, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 510, Bala
Cynwyd, PA 19004, by visiting
http://brodsky-smith.com/992-ccg-campus-crest-communities-inc.html,
or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
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SOURCE Brodsky & Smith, LLC
