SHAREHOLDER ALERT: Law Firm Of Levi & Korsinsky, LLP Announces Investigation Into Possible Breaches Of Fiduciary Duty By The Board Of American Realty Capital Trust Inc. In Connection With The Sale Of The Company To Realty Income Corp.
Levi & Korsinsky is investigating the Board of Directors of American Realty Capital Trust Inc. (“American Realty” or the “Company”) (Nasdaq: ARCT) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Realty Income Corp. (“Realty Income”) (NYSE: O).
Click here to learn more about the investigation: http://zlk.9nl.com/american-realty-capital-trust-arct, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, American Realty shareholders will receive 0.2874 of a Realty Income share for each American Realty share they own, representing a value of approximately $12.21 per share based upon recent closing prices. The transaction has a total approximate value of $2.95 billion, including the assumption of debt. The investigation concerns whether the American Realty Board of Directors breached their fiduciary duties to American Realty stockholders by failing to adequately shop the Company before entering into this transaction and whether Realty Income is underpaying for American Realty shares, thus unlawfully harming American Realty stockholders. In particular, at least one analyst set a price arget for American Realty stock at $13.00 per share.
If you own common stock in American Realty and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/american-realty-capital-trust-arct.Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
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