We would handle the action on a contingent fee basis, whereby you would not be responsible for out of pocket payment of our legal fees or expenses.
SRC STOCK ALERT: HALPER SADEH LLC IS INVESTIGATING WHETHER THE SALE OF SPIRIT REALTY CAPITAL, INC. IS FAIR TO SHAREHOLDERS
October 30, 2023.
New York, New York—Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Spirit Realty Capital, Inc. (NYSE: SRC) to Realty Income Corporation for 0.762 newly-issued Realty Income common shares for each Spirit common share is fair to Spirit Realty shareholders. Upon completion of the proposed transaction, Spirit shareholders will own approximately 13% of the combined company.
The investigation concerns whether Spirit Realty 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 Spirit Realty shareholders; (2) determine whether Realty Income is underpaying for Spirit Realty; and (3) disclose all material information necessary for Spirit Realty shareholders to adequately assess and value the merger consideration. On behalf of Spirit Realty shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLC 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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