Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of American Realty Capital Healthcare Trust, Inc. Stock...
June 02 2014 - 4:30PM
Business Wire
Kirby McInerney LLP is investigating potential claims against
the Board of Directors of American Realty Capital Healthcare Trust,
Inc. (“ARC Healthcare” or the “Company”) (NASDAQ:HCT) concerning
the proposed acquisition of the Company by Ventas, Inc. (“Ventas”).
Under the terms of the definitive merger agreement, ARC Healthcare
stockholders 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, in a transaction valued at
approximately $2.6 billion. The cash portion of the consideration
is subject to a cap of ten percent of ARC Healthcare’s outstanding
common stock.
The investigation concerns whether the ARC Healthcare Board of
Directors violated its fiduciary duties by agreeing to the proposed
transaction and whether the proposed consideration adequately
values the Company’s common stock.
If you are an ARC Healthcare stockholder and wish to obtain
additional information, please contact J. Brandon Walker, Esq.
by email at bwalker@kmllp.com, by telephone at (212) 699-1145 or
(888) 529-4787, or by filling out this contact form. There is no
cost or obligation to you.
Kirby McInerney LLP is a New York-based law firm concentrating
in securities, shareholder, whistleblower, antitrust and consumer
litigation. For additional information, please go to
www.kmllp.com.
Kirby McInerney LLPJ. Brandon Walker, Esq., (212) 699-1145
or (888) 529-4787bwalker@kmllp.com
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