Realty Income Corporation
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REALTY INCOME MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE MERGER OF REALTY INCOME CORPORATION IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – O
April 29, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of Realty Income Corporation (NYSE: O) and VEREIT, Inc. is fair to Realty Income shareholders. VEREIT shareholders are expected to receive Realty Income stock in connection with the merger. Upon closing, Realty Income shareholders are expected to own approximately 70% of both Realty Income and SpinCo, a spin-off of substantially all of the office properties of Realty Income and VEREIT.
The investigation concerns whether Realty Income and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Realty Income shareholders; and (2) disclose all material information necessary for Realty Income shareholders to adequately assess and value the merger consideration. On behalf of Realty Income shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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