SHAREHOLDER ALERT: Brower Piven, a Maryland-Based Law Firm, Announces Class Action Lawsuit in Connection With the Sale of Glimcher Realty Trust -- GRT


STEVENSON, Md., Oct. 30, 2014 (GLOBE NEWSWIRE) -- The securities litigation law firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been commenced in the Maryland Circuit Court for Baltimore City on behalf of all common stockholders of Glimcher Realty Trust ("Glimcher" or the "Company") (NYSE:GRT) opposing the proposed acquisition of Glimcher by Washington Prime Group Inc. ("WPG").

The action arises out of the September 16, 2014, announcement that Glimcher had entered into a definitive merger agreement with WPG, pursuant to which Glimcher shareholders will receive $10.40 in cash and 0.1989 of a share in WPG stock for each share of Glimcher common stock they own.

The complaint seeks relief on behalf of the named plaintiff and all other similarly situated shareholders of Glimcher and asserts whether the Company's Board of Directors breached their fiduciary duties by failing to maximize shareholder value and/or protect the interests of Glimcher shareholders.

If you currently own common stock of Glimcher and would like to learn more about this lawsuit and your ability to participate as a plaintiff, without cost or obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at hoffman@browerpiven.com or by telephone at (410) 415-6616.

Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.



            

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