Inland Group (IRC) Discloses 5.6% Stake In Ramco-Gershenson (RPT), May Propose Merger or Seek Board Seat

In a 13D filing on Ramco-Gershenson Properties Trust (NYSE: RPT), The Inland Group (NYSE: IRC) disclosed a 5.6% stake (1,038,537 shares) in the company. Inland said they may acquire additional shares in a cash tender offer or exchange offer, may propose a merger, and may seek board representation.

From the Filing:"Inland American and Adviser have also considered, on a preliminary basis, various courses of action with respect to the Company, including: (i) causing Inland American, or a subsidiary or affiliate thereof, to acquire additional Shares in a cash tender offer or exchange offer; (ii) proposing a merger or sale or similar transaction between Inland American, or an affiliate of Inland American, and the Company; and (iii) seeking representation on the Company's board of directors. Inland American and Adviser have not reached any conclusion as to any of the foregoing alternatives."