Shareholder Alert: Ademi LLP investigates whether The Necessity Retail REIT Inc. has obtained a Fair Price in its transaction with Global Net Lease Inc.

MILWAUKEE, June 23, 2023 /PRNewswire/ -- Ademi LLP is investigating RTL (NASDAQ: RTL) for possible breaches of fiduciary duty and other violations of law in its transaction with GNL. 

Click here to learn how to join the action https://www.ademilaw.com/case/necessity-retail-reit-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.

In the transaction, RTL shareholders will receive only 0.670 shares of GNL for each common share of RTL, which represents a total consideration of $7.08 per share based on share prices as of May 23, 2023. Based on this fixed exchange ratio of 0.670, GNL stockholders are expected to own approximately 45% of GNL Post-closing, RTL stockholders are expected to own approximately 39%, and the owner of the former external manager and its affiliates are expected to own up to 17%. The transaction agreement unreasonably limits competing bids for RTL by imposing a significant penalty if RTL accepts a superior bid. RTL insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of RTL's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for RTL.

If you own RTL common stock and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or https://www.ademilaw.com/case/necessity-retail-reit-inc.                       

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts

Ademi LLP                                                         
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001

SOURCE Ademi LLP