SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of American Residential Properties, Inc. An...
08 Dicembre 2015 - 10:29PM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, has commenced an investigation into
possible breaches of fiduciary duty and other violations of state
law by the Board of Directors of American Residential Properties,
Inc. (NYSE: ARPI) (“ARPI” or the “Company”) relating to the
proposed buyout of the Company by American Homes 4 Rent (“AMH”), in
a transaction valued at approximately $1.5 billion.
Under the terms of the agreement, ARPI shareholders are
anticipated to receive 1.135 common shares or limited partnership
units of AMH, representing a current value per share/unit of ARPI
of $19.01 based on AMH closing price on December 2, 2015.
There are concerns regarding the price of the deal and the
process by which the price was agreed upon. For example,
according to Yahoo! Finance, at least one Wall Street analyst has
issued a price target for ARPI stock at $23.00 per share.
The firm’s investigation seeks to determine, among other things,
whether the Company’s Board of Directors failed to satisfy their
duties to shareholders, including whether the Board adequately
pursued alternatives to the acquisition and whether the Board
obtained the best price possible for the Company’s shares of common
stock.
If you currently own common stock of ARPI and believe that the
proposed buyout price is too low, or you would like to learn more
about the investigation being conducted by Brower Piven, please
visit our website at
http://www.browerpiven.com/currentinvestigations.html. You may also
request more information by contacting Brower Piven either by email
at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
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version on businesswire.com: http://www.businesswire.com/news/home/20151208006678/en/
Brower Piven, A Professional CorporationCharles J. Piven,
410-415-66161925 Old Valley RoadStevenson, Maryland
21153hoffman@browerpiven.com
Grafico Azioni AMERICAN RESIDENTIAL PROPERTIES, (NYSE:ARPI)
Storico
Da Ago 2024 a Set 2024
Grafico Azioni AMERICAN RESIDENTIAL PROPERTIES, (NYSE:ARPI)
Storico
Da Set 2023 a Set 2024
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