American Realty Capital Trust, Inc. Merger Litigation (Nadaq: ARCT)
Law Office of Brodsky & Smith, LLC Announces Investigation of American Realty Capital Trust, Inc.
BALA CYNWYD, September 7, 2012/PR Newswire/ –Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of American Realty Capital Trust, Inc. (“American Realty” or the “Company”) (Nasdaq- ARCT-News) relating to the proposed acquisition by Realty Income Corp. (“Realty Income”).
Under the terms of the transaction, American Realty shareholders will receive only 0.2874 of a share of Realty Income stock for each share of American Realty stock they own. This represents a value of approximately $12.21 per share. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of American Realty for not acting in the Company’s shareholders' best interests in connection with the sale process to Realty Income. The transaction represents only a very small premium above the price American Realty stock has recently traded at and is below a $13.00 analyst price target for American Realty stock.
If you own shares of American Realty stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org or by calling toll free 877-LEGAL-90.
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