AMERICAN RESIDENTIAL PROPERTIES, INC. SHAREHOLDER ALERT: Former SEC Attorney Willie Briscoe & Powers Taylor LLP Investigate S...
04 Diciembre 2015 - 9:30AM
Business Wire
Former United States Securities and Exchange Commission attorney
Willie Briscoe and the securities litigation firm of Powers Taylor
LLP are investigating potential claims against the Board of
Directors of American Residential Properties, Inc. (“American
Residential”) (NYSE: ARPI) concerning the sale to American Homes 4
Rent. Under the terms of the agreement, American Residential
shareholders will only receive 1.135 common shares of American
Homes 4 Rent for each American Residential share owned. This
represents a value of $19.01 per share, which is virtually no
premium over the 52-week high and significantly lower than at least
one analyst’s estimated value of $23.00 per share.
If you are an affected investor, and you want to learn more
about the investigation or if you have information that you believe
would be helpful to our investigation of the fairness of the
proposed transaction, contact Willie Briscoe at The Briscoe Law
Firm, PLLC via email at shareholders@thebriscoelawfirm.com, Patrick
Powers at Powers Taylor LLP via e-mail at
shareholder@powerstaylor.com or by calling toll free at (877)
728-9607. There is no cost or fee to you.
The investigation centers on whether American Residential’s
Board of Directors is acting in the shareholders’ best interests,
whether the board considered alternatives to the acquisition, and
whether the board has employed an adequate process to review and
act on the proposed transaction. Notably, at least one analyst with
Yahoo! Finance believes the true inherent value of the stock could
be as high as $23.00.
The Briscoe Law Firm, PLLC is a full service business litigation
and shareholder rights advocacy firm with more than 20 years of
experience in complex litigation and transactional matters.
Powers Taylor LLP is a boutique litigation law firm that handles
a variety of complex business litigation matters, including claims
of investor and stockholder fraud, shareholder oppression,
shareholder derivative suits, and security class actions.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20151204005088/en/
The Briscoe Law Firm, PLLCWillie Briscoe,
877-728-9607shareholders@thebriscoelawfirm.comorPowers Taylor
LLPPatrick Powers, 877-728-9607shareholder@powerstaylor.com
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