Investor Seeks To Block $8.6B Colonial-MAA Merger

Law360, New York (August 21, 2013, 5:12 PM EDT) -- A shareholder hit Colonial Properties Trust and Mid-America Apartment Communities Inc. with a suit in Alabama federal court on Tuesday, seeking to block their proposed $8.6 billion merger and alleging that the companies failed to disclose crucial information that would have turned shareholders against the deal.

The complaint alleged that the proxy statement filed by MAA with the SEC in July failed to inform shareholders that Colonial ignored valid requests from other interested parties because of its unreasonable preference for a deal with MAA, and that the...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Kempen v. Colonial Properties Trust et al


Case Number

2:13-cv-01531

Court

Alabama Northern

Nature of Suit

850(Securities/Commodities)

Judge

Judge Virginia Emerson Hopkins

Date Filed

August 20, 2013

Law Firms

Companies

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.