Pomerantz Law Firm Investigates Claims That the Merger May Not... -- NEW YORK, Dec. 19, 2013 /PRNewswire/ -- NEW YORK, Dec. 19, 2013 /PRNewswire/ -- Pomerantz Grossman Hufford Dahlstrom & Gross LLP is investigating claims on behalf of investors of BRE Properties, Inc. ("BRE" or the "Company") (NYSE: BRE) (ISIN: US05564E1064) (CUSIP: 05564E106) concerning the proposed acquisition of BRE by Essex Property Trust, Inc. "Essex". The investigation concerns whether the BRE directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value. Under the terms of the agreement, BRE shareholders will receive 0.2971 newly issued shares of Essex common stock plus $12.33 in cash for each share of BRE common stock, valued at $56.21 per BRE share. However, the Price to EBIT and Book Value multiples are below the averages of comparable transactions, and the BRE stock closed above the offered price less than two weeks ago. BRE shareholders seeking more information about this acquisition are advised to contact Ofer Ganot at oganot@pomlaw.com or 212-661-1100, ext. Today, more than 75 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of defrauded investors. CONTACT: Ofer Ganot Pomerantz Grossman Hufford Dahlstrom & Gross LLP 212-661-1100 ext. 315 oganot@pomlaw.com