Faruqi & Faruqi Investigation: Inland Real Estate Corporation
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Inland Real Estate Corporation (“IRC” or the “Company”) (NYSE:IRC) for potential breaches of fiduciary duties in connection with the sale of the Company to DRA Advisors LLC for approximately $2.3 billion.
The Company’s stockholders will only receive $10.60 per share in cash for each share of Company common stock they own. However, the offer is below at least one analyst’s price target of $12.00 per share and the 52-week high of $11.73 per share.
If you own common stock in IRC and wish to obtain additional information and protect your investments free of charge, please contact Juan Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.