NEW YORK, Dec. 9, 2015 /PRNewswire/ -- Faruqi &
Faruqi, LLP, a leading national securities firm headquartered in
New York City, is investigating
the Board of Directors of American Residential Properties, Inc.
("American Residential" or the "Company") (NYSE:ARPI) for potential
breaches of fiduciary duties in connection with the sale of the
Company to American Homes 4 Rent for approximately $1.3 billion.
The Company's stockholders will only receive 1.135 common shares
of American Homes 4 Rent for each share of Company common stock
they own, or approximately $18.18 per
share. However, the offer represents virtually no premium over the
52-week high and significantly lower than at least one analyst's
estimated value of $23.00 per
share.
Click here for more information:
www.faruqilaw.com/ARPI. There is no cost or obligation to
you.
The investigation focuses on whether Company's Board of
Directors breached their fiduciary duties to the Company's
stockholders by failing to conduct a fair sales process and whether
and by how much this proposed transaction undervalues the Company
to the detriment of Company's shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The
firm is focused on providing exemplary legal services in complex
litigation in the areas of securities, shareholder, antitrust and
consumer litigation, throughout all phases of litigation. The
firm has an experienced trial team which has achieved significant
victories on behalf of the firm's clients. Follow us on Twitter at
www.twitter.com/MergerActivity or on Facebook at
www.facebook.com/FaruqiLaw.
If you own common stock in Company and wish to obtain additional
information and protect your investments free of charge, please
visit us at www.faruqilaw.com/ARPI or contact Juan Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Contact:
Faruqi & Faruqi, LLP
685 3rd Avenue, 26th Floor
New York, NY 10017
Attn: Juan Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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The law firm responsible for this advertisement is Faruqi &
Faruqi, LLP (www.faruqilaw.com). Prior results do not
guarantee or predict a similar outcome with respect to any future
matter. We are happy to discuss your particular case.
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