SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of American Realty Capital Healthcare Trust, Inc. in Connection With The Sale of The Company - HCT
BALA CYNWYD, Pa., June 4, 2014 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of American Realty Capital Healthcare Trust, Inc. ("American Realty" or the "Company") (Nasdaq: HCT) relating to the proposed acquisition by Ventas, Inc. ("Ventas").
Click here to learn more about the investigation http://brodsky-smith.com/764-hct-american-realty-capital-healthcare-trust-inc.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, American Realty shareholders will receive only $11.33 in cash or 0.1688 of a share of Ventas common shares for each share of American Realty stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of American Realty for not acting in the Company's shareholders' best interests in connection with the sale process.
Further, the investigation seeks to determine if the transaction undervalues American Realty given that the American Realty portfolio consists of more than 4 million square feet of medical office space across 78 properties, which is 97% rented. In addition, American Realty also has a portfolio of 42 senior housing properties, including 29 non-triple net senior communities that are 94% occupied.
If you own shares of American Realty common stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at [email protected], by visiting http://brodsky-smith.com/764-hct-american-realty-capital-healthcare-trust-inc.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and case action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE Brodsky & Smith, LLC
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