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Thu, September 6, 2012

American Realty Capital Trust Buyout Investigated by Securities Attorneys at The Briscoe Law Firm and Powers Taylor, LLP


Published on 2012-09-06 09:04:08 - Market Wire
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DALLAS--([ ])--Former [ United States Securities and Exchange Commission attorney ] Willie Briscoe and the [ securities litigation firm ] of Powers Taylor, LLP are investigating the proposed American Realty Capital Trust Buyout for shareholders. American Realty Capital Trust, Inc. (aARCTa) (NASDAQGS: ARCT) announced that it will be acquired by Realty Income Corp. in a deal estimated at $2.95 billion, including the assumption of debt. Under the terms of the transaction, ARCT shareholders will only receive 0.2874 of a share of Realty Income for each share of ARCT owned. Thus, based upon closing prices, ARCT shareholders will receive a value of approximately $12.21 per share, well below at least one analystas estimated value of $13.00 per share.

"our investigation relates to the fairness of the proposed price for ARCT shareholders and whether the Board of Directors is adequately shopping the company in order to obtain the best possible price for the shareholders."

There is no cost or fee for you to join the action. Thus, if you are an affected investor, and you want to learn more about the lawsuit or join the action, please contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at [ patrick@powerstaylor.com ], or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at [ WBriscoe@TheBriscoeLawFirm.com ].

Shareholder rights attorney Willie Briscoe stated that aour investigation relates to the fairness of the proposed price for ARCT shareholders and whether the Board of Directors is adequately shopping the company in order to obtain the best possible price for the shareholders.a Notably, according to at least one analyst with Yahoo! Finance, the true inherent value of ARCT could be as high as $13.00 per share, well above the value of the proposed transaction. aOur lawsuit will seek to obtain the highest possible price for each share of ARCT stock owned.a

[ The Briscoe Law Firm, PLLC ] is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a [ Dallas litigation law firm ] that handles a variety of [ complex business litigation ] matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and [ security class actions ].

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