July 11, 2017 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Monogram Residential Trust Inc (NYSE:MORE), was announced concerning whether the takeover of Monogram Residential Trust Inc for $12.00 per share is unfair to NYSE:MORE stockholders.

The investigation by a law firm concerns whether certain officers and directors of Monogram Residential Trust Inc (NYSE:MORE breached their fiduciary duties owed to Monogram Residential Trust Inc (NYSE:MORE investors in connection with the proposed acquisition.

On July 4, 2017, Monogram Residential Trust, Inc. (NYSE: MORE) announced that it has entered into a merger agreement to be acquired by a newly formed perpetual life fund, Greystar Growth and Income Fund, LP, led by Greystar Real Estate Partners and its initial founding capital partners, affiliates of APG Asset Management N.V., GIC, and Ivanho Cambridge, in a transaction valued at approximately $3.0 billion, including debt to be assumed or refinanced. Under the terms of the merger agreement, Monogram's stockholders will receive $12.00 per share in cash.

However, given that at least one analyst has set the high target price fro NYSE:MORE shares at $12.50 per share, the investigation concerns whether the offer is unfair to Monogram Residential Trust Inc (NYSE:MORE stockholders. More specifically, the investigation concerns whether the Monogram Residential Trust Inc (NYSE:MORE Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.