BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Preferred Apartment Communities, Inc. (NYSE - APTS), MoneyGram International, Inc. (Nasdaq - MGI), Resonant Inc. (Nasdaq - RESN)

Brodsky & Smith has announced investigations into Preferred Apartment Communities (APTS), MoneyGram International (MGI), and Resonant Inc. (RESN) regarding their acquisition agreements.

Rhea-AI Summary

Brodsky & Smith has announced investigations into Preferred Apartment Communities (APTS), MoneyGram International (MGI), and Resonant Inc. (RESN) regarding their acquisition agreements. Preferred Apartment Communities is set to be acquired by Blackstone Real Estate for $25.00 per share, valued at approximately $5.8 billion. MoneyGram will be acquired by Madison Dearborn Partners for $11.00 per share, below its 52-week high of $12.36. Resonant is being acquired by Murata Electronics for $4.50 per share, also below its 52-week high of $7.16. The investigations question potential breaches of fiduciary duties by all three companies' boards.

Positive

• PAC being acquired at $25.00 per share reflects a significant valuation of approximately $5.8 billion.
• Investigation could potentially lead to a renegotiation of terms for APTS, MGI, and RESN shareholders.

Negative

• Potential breach of fiduciary duties by PAC, MGI, and RESN boards raises concerns about shareholder interests.
• Acquisition prices for MGI and RESN are below recent 52-week highs, indicating possible undervaluation.

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BALA CYNWYD, Pa., Feb. 16, 2022 /PRNewswire/ -- Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky or Marc Ackerman at 855-576-4847. There is no cost or financial obligation to you.

Preferred Apartment Communities, Inc. (NYSE - APTS)        

Under the terms of the agreement, Preferred Apartment Communities, Inc. ("PAC") will be acquired by Blackstone Real Estate Income Trust, Inc. ("BREIT"). BREIT will acquire all outstanding shares of common stock of PAC for $25.00 per share in an all-cash transaction valued at approximately $5.8 billion. The investigation concerns whether the PAC Board breached its fiduciary duties to shareholders by failing to conduct a fair process, and whether BREIT is paying too little for the Company.

Additional information can be found at https://www.brodskysmith.com/cases/preferred-apartment-communities-inc-nyse-apts/.https://www.brodskysmith.com/cases/dunkin-brands-group-inc-nasdaq-dnkn/

MoneyGram International, Inc. (Nasdaq - MGI)       

Under the terms of the agreement, MoneyGram will be acquired by funds affiliated with Madison Dearborn Partners, LLC ("MDP"). Under the terms of the agreement, MoneyGram shareholders will receive $11.00 in cash for each share of MoneyGram stock they hold. The investigation concerns whether the MoneyGram Board breached its fiduciary duties to shareholders by failing to conduct a fair process, and whether MDP is paying too little for the Company. For example, the deal consideration is less than the 52-week high of $12.36 for the Company's shares.

Additional information can be found at https://www.brodskysmith.com/cases/moneygram-international-inc-nasdaq-mgi-2/.https://www.brodskysmith.com/cases/social-capital-suvretta-holdings-corp-iii-nasdaq-dnac/https://www.brodskysmith.com/cases/dunkin-brands-group-inc-nasdaq-dnkn/

Resonant Inc. (Nasdaq - RESN)       

Under the terms of the agreement, Resonant will be acquired by Murata Electronics North America, Inc., a wholly owned subsidiary of Murata Manufacturing Co., Ltd. ("Murata"). Murata will acquire all outstanding shares of common stock of Resonant for $4.50 per share in an all-cash transaction. The investigation concerns whether the Resonant Board breached its fiduciary duties to shareholders by failing to conduct a fair process, and whether Murata is paying too little for the Company. For example, the deal consideration is below the 52-week high of $7.16 for the Company's shares.

Additional information can be found at https://www.brodskysmith.com/cases/resonant-inc-nasdaq-resn/.https://www.brodskysmith.com/cases/dunkin-brands-group-inc-nasdaq-dnkn/

Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. Attorney advertising. Prior results do not guarantee a similar outcome.

View original content:https://www.prnewswire.com/news-releases/brodsky--smith-shareholder-update-notifying-investors-of-the-following-investigations-preferred-apartment-communities-inc-nyse---apts-moneygram-international-inc-nasdaq---mgi-resonant-inc-nasdaq---resn-301483890.html

SOURCE Brodsky & Smith, LLC

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the acquisition price for Preferred Apartment Communities (APTS)?

Preferred Apartment Communities will be acquired for $25.00 per share.

Who is acquiring MoneyGram International (MGI)?

MoneyGram International is being acquired by funds affiliated with Madison Dearborn Partners.

What price is Resonant Inc. (RESN) being acquired for?

Resonant Inc. is being acquired for $4.50 per share.

Are the acquisition prices for APTS, MGI, and RESN below their 52-week highs?

Yes, both MGI and RESN's acquisition prices are below their respective 52-week highs.

Is there a concern regarding the fairness of the acquisition process for these companies?

Yes, investigations are underway to determine if there were breaches of fiduciary duties by the boards of APTS, MGI, and RESN.