Harwood Feffer LLP Announces Investigation of American Residential Properties, Inc.

Dec 03, 2015, 17:19 ET from Harwood Feffer LLP

NEW YORK, Dec. 3, 2015 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of American Residential Properties, Inc. ("ARPI" or the "Company") (NYSE: ARPI) concerning the proposed acquisition of the Company by American Homes 4 Rent ("American Homes").

Under the terms of the offer, American Homes would acquire ARPI in a transaction valued at approximately $1.5 billion.  Pursuant to the deal, ARPI stockholders would receive 1.135 common shares of American Homes per ARPI share, consideration worth approximately $19.01.  According to Yahoo Finance, at least one analyst has set a target price for ARPI stock of $23.00 per share.   

Our investigation concerns whether the ARPI board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders. 

If you own ARPI shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Benjamin I Sachs-Michaels, Esq. Robert I. Harwood, Esq. Harwood Feffer LLP 488 Madison Avenue New York, New York 10022 Phone Numbers: (877) 935-7400 (212)935-7400 Email: bsachsmichaels@hfesq.com  Website: http://www.hfesq.com  Follow us on Twitter: @HarwoodFeffer

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.

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