Newman Ferrara LLP Announces Investigation of Glimcher Realty Trust

Newman Ferrara LLP is investigating potential claims against the Board of Directors of Glimcher Realty Trust (“Glimcher”) (NYSE: GRT) concerning the proposed sale of Glimcher to Washington Prime Group Inc. (“WPG”) (NYSE: WPG).

Under the terms of the proposed transaction, Glimcher stockholders will receive $10.40 in cash and 0.1989 of a share in WPG stock for each share of Glimcher stock held. Based on the closing price of WPG stock on September 15, 2014, the day before the deal was announced, the proposed transaction would provide implied value to Glimcher shareholders of only $14.07 per share of Glimcher stock owned. The proposed transaction is expected to close in the first quarter of 2015.

Newman Ferrara LLP’s investigation concerns whether Glimcher’s Board of Directors has breached its fiduciary duties to act in the best interests of Glimcher’s stockholders and to take all necessary steps to ensure that Glimcher’s stockholders receive the maximum value readily available for their shares of Glimcher common stock.

Concerned investors may contact Newman Ferrara attorney Roy Shimon at rshimon@nfllp.com to discuss this investigation, their rights, or potential remedies.

Newman Ferrara maintains a multifaceted practice based in New York City with attorneys specializing in complex commercial and multi-party litigation, securities fraud and shareholder litigation, consumer protection, civil rights, and real estate. For more information, please visit the firm website at www.nfllp.com.