NEW YORK, Dec. 3, 2015 /PRNewswire/ -- Pomerantz LLP is
investigating claims on behalf of investors of American Residential
Properties, Inc. ("American Residential" or the "Company") (NYSE:
ARPI) (ISIN: US02927E3036) (CUSIP: 02927E303) concerning the
proposed acquisition of American Residential by American Homes 4
Rent.
American Residential shareholders seeking more information about
this acquisition are advised to contact Robert Willoughby at rswilloughby@pomlaw.com or
212-661-1100 or 888-476-6529, ext. 9980.
The investigation concerns whether the American Residential
directors are breaching their fiduciary duties by failing to
adequately shop the Company and maximize shareholder
value. Under the terms of the proposed transaction, at
closing, each share of American Residential Properties common stock
and each limited partnership unit in its operating partnership will
be exchanged for 1.135 common shares or limited partnership units
of American Homes 4 Rent, representing a current value per
share/unit of American Residential Properties of $19.01 based on American Homes 4 Rent closing
price on December 2,
2015. However, an analyst recently set a price target of
$22.50 per share for American
Residential. Additionally, the Book Value is below the average of
comparable transactions, according to a Bloomberg
analysis.
Pomerantz LLP, with offices in New
York, Chicago, Florida, and Los
Angeles, is acknowledged as one of the premier firms in the
areas of corporate, securities, and antitrust class litigation.
Founded by the late Abraham L.
Pomerantz, known as the dean of the class action bar, the
Pomerantz LLP pioneered the field of securities class actions.
Today, more than 75 years later, the Pomerantz LLP continues in the
tradition he established, fighting for the rights of the victims of
securities fraud, breaches of fiduciary duty, and corporate
misconduct. The Firm has recovered numerous multimillion-dollar
damages awards on behalf of defrauded investors. See
www.pomerantzlaw.com.
CONTACT:
Robert
Willoughby
Pomerantz LLP
212-661-1100 ext. 9980
rswilloughby@pomlaw.com
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SOURCE Pomerantz LLP