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If you purchased shares of NTS Realty Holdings LP (NYSEAMEX:NLP) prior to Dec. 27, 2012, and currently hold any of those NYSEAMEX:NLP shares, you have certain options and you should contact the Shareholders Foundation, Inc.
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To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Investigation Overview
Jan. 22, 2013 (Shareholders Foundation) -- An investigation on behalf of investors in NTS Realty Holdings LP (NYSEAMEX:NLP) shares was announced concerning whether the offer to acquire NTS Realty Holdings LP for $7.50 per NYSEAMEX:NLP share and the takeover process are unfair to investors in NYSEAMEX:NLP shares.
The investigation by a law firm concerns whether certain officers and directors of NTS Realty Holdings LP breached their fiduciary duties owed NYSEAMEX:NLP investors in connection with the proposed acquisition.
On Dec. 27, 2012, NTS Realty Holdings LP (NYSEAMEX:NLP) announced that it has entered into a merger agreement with entities created and controlled by J.D. Nichols, the founder and Chairman of NTS, and Brian F. Lavin, the President and CEO of NTS. Upon consummation of the merger, all of the outstanding partnership units of NTS not owned by Messrs. Nichols and Lavin and their affiliates would convert into $7.50 per unit in cash.
However, NTS Realty Holdings LP reported that its annual Revenue rose from $40.92 million in 2008 to $54.64 million in 2011.
Therefore the investigation a law firm concerns whether the proposed transaction is unfair to NYSEAMEX:NLP stockholders.
Specifically, the investigation focuses on whether the NTS Realty Holdings 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.
