Faruqi & Faruqi, LLP Is Seeking More Cash For The Shareholders Of American Realty Capital Trust, Inc. (ARCT)
06 Septiembre 2012 - 7:00PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of American Realty Capital Trust, Inc. (“American Realty”
or the “Company”) (NASDAQ: ARCT) for potential breaches of
fiduciary duties in connection with their conduct related to the
sale of the Company to Realty Income Corp. (“Realty Income”) (NYSE:
O) in a stock-for-stock deal valued at approximately $2.95 billion.
Under the terms of the proposed transaction, American Realty
shareholders will receive a fixed exchange ratio of 0.2874 Realty
Income shares for each share of American Realty common stock that
they own. Based on Realty Income’s closing stock price of $42.48 on
September 5, 2012, this consideration represents approximately
$12.21 per share, while according to Yahoo! Finance, at least one
financial analyst has set a price target of $13 for American
Realty.
Request more information now by clicking here:
www.faruqilaw.com/ARCT. There is no cost or
obligation to you.
Whether American Realty’s Board of Directors breached their
fiduciary duties to the Company’s stockholders by failing to
conduct an adequate and fair sales process prior to agreeing to
this proposed transaction, whether the proposed transaction
undervalues American Realty’s shares and by how much this proposed
transaction undervalues the Company to the detriment of American
Realty’s shareholders are the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in American Realty and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.faruqilaw.com/ARCT or contact Juan E.
Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or
by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2012 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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