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.
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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 email@example.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.