NEW YORK, Aug. 31, 2018 /PRNewswire/ -- WeissLaw LLP is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of Reis, Inc. ("REIS"
or the "Company") (NASDAQ: REIS) in connection with the
proposed acquisition of the Company by Moody's Corporation ("MCO")
(NYSE:MCO). Under the terms of the acquisition agreement,
shareholders will receive $23.00 in
cash for each REIS share they own.
WeissLaw is investigating whether REIS's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, at least one analyst set a target price of $25.00 per REIS share. Moreover, according
to the acquisition announcement, MCO hopes to leverage the
acquisition of REIS to expand its analytics network in the "very
complex" commercial real estate space.
Given these facts, WeissLaw is investigating whether REIS's
Board acted in the best interests of REIS's public shareholders to
maximize shareholder value prior to entering into the
agreement. If you own REIS shares and would like more
information about your rights or our investigation, or if you have
information to share with us, please contact Joshua Rubin by telephone at
(888) 593-4771 or by email at
stockinfo@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com or fill out the form
on our website, http://www.weisslawllp.com/reis-inc/
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SOURCE WeissLaw LLP