LAWSUIT ALERT: The Law Firm of Andrews & Springer LLC Announces a Filing of a Class Action Lawsuit Against American Realty Ca...
June 12 2014 - 6:30PM
Andrews & Springer LLC, a boutique securities class action law
firm focused on representing shareholders nationwide, announced
today that a class action lawsuit has been filed on behalf of
stockholders of American Realty Capital Healthcare, Trust Inc.
("ARC" or the "Company") (Nasdaq:HCT) seeking to challenge the
Company's recently announced merger.
If you would like to join the class action, please visit our
website or contact Craig J. Springer, Esq. at
cspringer@andrewsspringer.com, or call toll free at 1-800-423-6013.
You may also follow us on LinkedIn –
www.linkedin.com/company/andrews-&-springer-llc, Twitter –
www.twitter.com/AndrewsSpringer or Facebook -
www.facebook.com/AndrewsSpringer for future updates.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A
CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU
RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO
NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, on June 2, 2014, ARC and Ventas, Inc.
("Ventas") (NYSE:VTR) announced the signing of a definitive merger
agreement pursuant to which Ventas would acquire ARC in a merger
valued at roughly $2.6 billion. As a result of the merger, ARC
shareholders are only anticipated to receive either 0.1688 shares
of Ventas or $11.33 per share in cash in exchange for each share of
ARC.
The complaint, which was filed on June 9, 2014, notes that the
consideration that ARC shareholders are expected to receive is
inadequate. ARC traded at $10.92 per share as recently as May 2,
2014. Based on the announced merger, the consideration represents
only a meager 3.75% premium. Additionally, while ARC shareholders
are given the choice of electing either 0.1688 shares of Ventas or
$11.33 cash for each ARC share, the cash portion is capped at 10%
which forces ARC shareholders to receive 0.1688 shares of Ventas.
ARC shareholders are only expected to own 8% of the surviving
corporation thus causing substantial dilution to ARC shareholders'
original investment.
If you own shares of ARC and want to receive additional
information and protect your investments free of charge, please
visit us at http://www.andrewsspringer.com/cases-investigations/arc
or contact Craig J. Springer, Esq.
at cspringer@andrewsspringer.com, or call toll free at
1-800-423-6013. You may also follow us on LinkedIn –
www.linkedin.com/company/andrews-&-springer-llc, Twitter –
www.twitter.com/AndrewsSpringer or Facebook -
www.facebook.com/AndrewsSpringer for future updates.
Andrews & Springer is a boutique securities class action law
firm representing shareholders nationwide who are victims of
securities fraud, breaches of fiduciary duty or corporate
misconduct. Having formerly defended some of the largest financial
institutions in the world, our founding members use their valuable
knowledge, experience, and superior skill for the sole purpose of
achieving positive results for investors. For more information
please visit our website at www.andrewsspringer.com. This notice
may constitute Attorney Advertising.
CONTACT: Craig J. Springer, Esq.
cspringer@andrewsspringer.com
Call Toll Free: 1-800-423-6013
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