Faruqi & Faruqi, LLP Is Seeking More Cash For The Shareholders Of NTS Realty Holdings LP (NLP)
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of NTS Realty Holdings LP (“NTS Realty” or the “Company”) (NYSE MKT: NLP) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to entities created and controlled by J.D. Nichols, the founder and Chairman of NTS Realty, and Brian F. Lavin, the President and CEO of NTS Realty, in an all-cash going private deal valued at approximately $345 million. Under the terms of the proposed transaction, NTS Realty’s stockholders will receive $7.50 in cash for each share of NTS Realty common stock they own.
The investigation focuses on whether NTS Realty’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of NTS Realty’s shareholders.
If you own common stock in NTS Realty and wish to obtain additional information and protect your investments free of charge, please contact Juan E. 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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