Physicians Realty Trust (DOC) has released an update.
The Physicians Realty Trust has entered a Merger Agreement with Healthpeak, involving a series of mergers to integrate Physicians Realty Trust into Healthpeak’s operations as a subsidiary. This move has led to legal actions by several shareholders alleging material omissions in the proxy statement. Despite these legal issues, the companies are providing supplemental disclosures without conceding the necessity or materiality of such information. Both companies’ boards recommend shareholders vote for the proposed mergers, aiming to move forward without delay while addressing the concerns raised in the complaints and demands.
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For a comprehensive understanding of the announcement, you can read the full document here.