Harwood Feffer LLP Announces Investigation of Excel Trust, Inc.

NEW YORK, April 10, 2015 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Excel Trust, Inc. ("Excel" or the "Company") (NYSE: EXL) concerning the proposed acquisition of the Company by Blackstone Property Partners LP ("Blackstone").      

Under the terms of the transaction, Blackstone would purchase Excel in a transaction valued at approximately $2 billion.  Excel shareholders would receive $15.85 per share in cash.  The offer price represents a mere 15% premium over Excel stock's closing price on April 9, 2015.  At least one analyst has set a target price of Excel stock at $16.00 per share.

Our investigation concerns whether the Excel board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders. 

If you own Excel shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Benjamin I. Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: [email protected]
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.

Attorney Advertising. The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.

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