NEW YORK, Oct. 19, 2015 /PRNewswire/ -- Harwood Feffer
LLP (www.hfesq.com) is investigating potential claims against the
board of directors of Campus Crest Communities, Inc. ("Campus
Crest" or the "Company") (NYSE: CCG) concerning the proposed
acquisition of the Company by affiliates of Harrison Street Real
Estate Capital, LLC ("Harrison Street").
Under the terms of the offer, the Harrison Street would acquire
Campus Crest in a transaction valued at approximately $1.9 billion. Pursuant to the deal, Campus
Crest stockholders would receive approximately $7.03 per share, consisting of the following:
$6.90 per share in cash and a
pro-rata portion of the net proceeds from a sale agreement with the
Company's joint venture partner of approximately $0.13 per share. According to Yahoo
Finance, at least one analyst has set a target price for Campus
Crest stock of $8.00 per share.
Our investigation concerns whether the Campus Crest board of
directors is fulfilling its fiduciary duties, maximizing the value
of the Company, disclosing all material benefits and costs, and
obtaining full and fair consideration for Company stockholders.
If you own Campus Crest shares and wish to discuss this matter
with us, or have any questions concerning your rights and interests
with regard to this matter, please contact:
Benjamin I Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been
representing individual and institutional investors for many years,
serving as lead counsel in numerous cases in federal and state
courts. Please visit the Harwood Feffer LLP website
(http://www.hfesq.com) for more information about the firm.
Attorney Advertising. The law firm responsible for this
advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results
do not guarantee or predict a similar outcome with respect to any
future matter.
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SOURCE Harwood Feffer LLP