SHAREHOLDER ALERT: Brower Piven Announces The Investigation Of American Realty Capital Healthcare Trust, Inc. In Connection W...
09 Junho 2014 - 10:10PM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, has commenced an investigation into
possible breaches of fiduciary duty to current shareholders of
American Realty Capital Healthcare Trust, Inc. (“ARC Healthcare” or
the “Company”) (NasdaqGS: HCT) and other violations of state law by
the board of directors of ARC Healthcare relating to the proposed
buyout of the Company by Ventas, Inc. (“Ventas”).
Under the terms of the proposed transaction, ARC Healthcare
shareholders will receive either $11.33 in cash or 0.1688 shares of
Ventas common stock for each share of ARC Healthcare common stock
that they own. The firm’s investigation seeks to determine, among
other things, whether the Company’s board of directors breached
their fiduciary duties by failing to maximize shareholder value
before agreeing to enter into this transaction, and whether Ventas
is underpaying for ARC Healthcare shares.
If you currently own common stock of ARC Healthcare and would
like to learn more about the investigation being conducted by
Brower Piven, without cost or obligation to you, please visit our
website at http://www.browerpiven.com/currentinvestigations.html.
You may also request more information by contacting Brower Piven
either by email at hoffman@browerpiven.com or by telephone at (410)
415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
Brower Piven, A Professional CorporationCharles J. Piven1925 Old
Valley RoadStevenson, Maryland 21153Telephone:
410-415-6616hoffman@browerpiven.com
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