May 27, 2016 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Resource America Inc (NASDAQ:REXI), was announced concerning whether the takeover of Resource America Inc. by C-III Capital Partners LLC for $9.78 per share is unfair to NASDAQ:REXI stockholders.

The investigation by a law firm concerns whether certain officers and directors of Resource America Inc breached their fiduciary duties owed to NASDAQ:REXI investors in connection with the proposed acquisition.

On May 23, 2016 Resource America Inc (NASDAQ:REXI) announced that it has entered into an agreement to be acquired by C-III Capital Partners LLC. Under the terms of the agreement, Resource America Inc (NASDAQ:REXI) stockholders will receive $9.78 per share in cash, or a total of approximately $ 207 million.

However, given that at least one analyst has set the high target price for NASDAQ:REXI shares at $11.00 per share, the investigation concerns whether the offer is unfair to NASDAQ:REXI stockholders. More specifically, the investigation concerns whether the Resource America 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.
Resource America Inc reported that its annual Total Revenue rose from $43.94 million in 2012 to $99.86 million in 2015.