NEW YORK, Sept. 27, 2018 /PRNewswire/ -- WeissLaw LLP
is investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of Select Income REIT
("SIR" or the "Company") (NASDAQ: SIR) in connection with the
proposed acquisition of the Company by Government Properties Income
Trust ("GOV") (NASDAQ: GOV). Under the terms of the
acquisition agreement, SIR shareholders will be entitled to receive
1.04 shares of GOV for each SIR share they own. In addition,
SIR, which owns 45 million shares in Industrial Logistics
Properties Trust ("ILPT"), will distribute to its shareholders a
special dividend of 0.502 ILPT shares per SIR shares held.
According to the acquisition announcement, this implies
consideration of $17.54 per SIR
share.
Owners of SIR shares wishing to discuss this
investigation or having any questions concerning this notice or
your rights or interests, please contact:
Joshua
Rubin
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(888)593-4771
stockinfo@weisslawllp.com
Or visit our website
http://www.weisslawllp.com/select-income-reit/
WeissLaw is investigating whether SIR's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, at least one analyst set a target price of $28.00 per SIR share. Additionally, SIR
traded for $20.22, or nearly
$3.00 above the per-share
consideration, the day before the acquisition announcement
Given these facts, WeissLaw is investigating whether SIR's Board
acted in the best interests of SIR's public shareholders to
maximize shareholder value prior to entering into the
agreement. If you own SIR shares and would like more
information about your rights or our investigation, or if you have
information to share with us, please contact Joshua Rubin by telephone at
(888) 593-4771 or by email at
stockinfo@weisslawllp.com.
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SOURCE WeissLaw LLP