Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Preferred Apartment Communities (NYSE: APTS) (“PAC” or the “Company”) to Blackstone Real Estate Income Trust, Inc. Under the terms of the proposed transaction, shareholders of PAC will receive only $25.00 in cash for each share of PAC that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
PREFERRED APARTMENTS INVESTOR ALERT by The Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Preferred Apartment Communities - APTS
Feb 24, 2022
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