AMERICAN REALTY CAPITAL HEALTHCARE SHAREHOLDER ALERT: Johnson & Weaver Investigating the Proposed Sale of American Realty Cap...
June 02 2014 - 10:00AM
Business Wire
Shareholder rights law firm Johnson & Weaver, LLP has
launched an investigation into whether the board members of
American Realty Capital Healthcare, Inc. (NASDAQ: HCT) breached
their fiduciary duties in connection with the proposed sale of the
Company to Ventas, Inc.
Additional Information:
ARC Healthcare is a privately owned real estate investment
trust.
On June 2, 2014, ARC Healthcare and Ventas entered into an
agreement whereby Ventas will acquire ARC Healthcare. Under the
terms of the agreement Ventas will acquire all of ARC Healthcare’s
outstanding shares. ARC Healthcare shareholders will have the
option to elect to receive either 0.1688 Ventas common shares or
$11.33 in cash for each share of ARC Healthcare common stock they
own.
Johnson & Weaver, a nationally recognized shareholder rights
firm, is investigating whether ARC Healthcare’s board of directors
agreed to sell the Company for an inadequate price. The firm is
also investigating whether the Company’s directors thoroughly
considered alternatives to the proposed merger, including
continuing on as an independent company or pursuing a deal with
another company.
If you are a shareholder of ARC Healthcare and believe the
proposed buyout price is too low or you’re interested in learning
more about the investigation or your legal rights and remedies,
please contact lead analyst Jim Baker (jimb@johnsonandweaver.com)
at 619-814-4471.
About Johnson & Weaver,
LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder
rights law firm with offices in California and New York. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonandweaver.com. Attorney advertising. Past results
do not guarantee future outcomes.
Johnson & Weaver, LLPJim Baker,
619-814-4471jimb@johnsonandweaver.com
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