Faruqi & Faruqi, LLP Announces the Investigation of Resource America, Inc. (REXI) Over the Proposed Sale of the Company to C-III Capital Partners LLC
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Resource America, Inc. (“Resource America” or the “Company”) (NASDAQ:REXI) for potential breaches of fiduciary duties in connection with the sale of the Company to C-III Capital Partners LLC for approximately $207 million.
The Company’s stockholders will only receive $9.78 in cash for each share of Company common stock they own. However, this consideration is below at least one analyst’s price target of $11.00 per share
If you own common stock in Resource America and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact Juan Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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