BALA CYNWYD, Pa., Dec. 22, 2015 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of American Residential Properties, Inc. ("American Residential Properties" or "the Company") (NYSE- ARPI-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to American Homes 4 Rent ("American Homes").
Click here to learn more about the investigation http://brodsky-smith.com/1015-arpi-american-residential-properties-inc.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, American Residential Properties shareholders will receive only 1.135 common shares or limited partnership units of American Homes for each share of American Residential Properties stock they own. The transaction values American Residential Properties at only approximately $19.01 per share. The investigation concerns whether the Board of American Residential Properties breached their fiduciary duties to shareholders and whether American Homes is underpaying for the Company. The transaction may undervalue the Company and would result in no real gain for many American Residential Properties shareholders. For example, the offer price is below the $19.60 per share price American Residential Properties stock traded at on April 28, 2015 and substantially below an analyst price target of $23.00 per share.
If you own shares of American Residential Properties stock and wish to discuss the legal ramifications of the investigation, 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 510, Bala Cynwyd, PA 19004, by visiting http://brodsky-smith.com/1015-arpi-american-residential-properties-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 class 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 have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
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