Stroock Counsels Board of Directors of Monmouth Capital in Merger with Monmouth Real Estate Investment Corporation
Monmouth Real Estate Investment Corporation (NASDAQ: MNRTA) and Monmouth Capital Corporation (NASDAQ: MONM), announced their completed strategic combination on July 31, 2007.
In the transaction, a wholly-owned subsidiary of Monmouth REIT merged with and into Monmouth Capital, and Monmouth Capital survives as a wholly-owned subsidiary of Monmouth REIT, and each share of Monmouth Capital’s common stock will be converted into and exchanged for the right to receive 0.655 shares of Monmouth REIT’s common stock.
Stroock served as legal counsel to the Special Committee of the Board of Directors of Monmouth Capital. Stroock attorneys that worked on this deal are Jeffrey Lowenthal (Corporate Partner), Jeff Uffner (Tax Partner), Mark Eichler (Tax Special Counsel) and Larissa Annoual (Corporate Associate).