NEW YORK, Dec. 3, 2015 /PRNewswire/ -- Harwood Feffer LLP
(www.hfesq.com) is investigating potential claims against the board
of directors of American Residential Properties, Inc. ("ARPI" or
the "Company") (NYSE: ARPI) concerning the proposed acquisition of
the Company by American Homes 4 Rent ("American Homes").
Under the terms of the offer, American Homes would acquire ARPI
in a transaction valued at approximately $1.5 billion. Pursuant to the deal, ARPI
stockholders would receive 1.135 common shares of American Homes
per ARPI share, consideration worth approximately $19.01. According to Yahoo Finance, at
least one analyst has set a target price for ARPI stock of
$23.00 per
share.
Our investigation concerns whether the ARPI board of directors
is fulfilling its fiduciary duties, maximizing the value of the
Company, disclosing all material benefits and costs, and obtaining
full and fair consideration for Company stockholders.
If you own ARPI shares and wish to discuss this matter with us,
or have any questions concerning your rights and interests with
regard to this matter, please contact:
Benjamin I Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been
representing individual and institutional investors for many years,
serving as lead counsel in numerous cases in federal and state
courts. Please visit the Harwood Feffer LLP website
(http://www.hfesq.com) for more information about the firm.
Attorney Advertising. The law firm responsible for this
advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results
do not guarantee or predict a similar outcome with respect to any
future matter.
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SOURCE Harwood Feffer LLP