MILWAUKEE, April 29, 2021 /PRNewswire/ -- Ademi LLP is investigating VEREIT (VER) - Get Report for possible breaches of fiduciary duty and other violations of law in its transaction with Realty Income.
Click here to learn how to join the action: https://www.ademilaw.com/case/vereit-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Ademi LLP alleges VEREIT's financial outlook is excellent and yet VEREIT shareholders will receive only 0.705 shares of Realty Income stock for every share of VEREIT stock they own. The merger agreement unreasonably limits competing bids for VEREIT by prohibiting solicitation of further bids, and imposing a termination penalty if VEREIT accepts a superior bid. VEREIT insiders will receive millions of dollars as part of change of control arrangements. We are investigating the conduct of VEREIT's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for VEREIT.
If you own VEREIT common stock and wish to obtain additional information, please contact Guri Ademi either at firstname.lastname@example.org or toll-free: 866-264-3995, or https://www.ademilaw.com/case/vereit-inc.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Ademi LLP Guri AdemiToll Free: (866) 264-3995Fax: (414) 482-8001
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SOURCE Ademi LLP