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VEREIT MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF VEREIT, INC. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – VER
April 29, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of VEREIT, Inc. (NYSE: VER) to Realty Income Corporation is fair to VEREIT shareholders. Under the terms of the agreement, VEREIT shareholders will receive 0.705 shares of Realty Income stock for every share of VEREIT stock they own.
The investigation concerns whether VEREIT 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 VEREIT shareholders; (2) determine whether Realty Income is underpaying for VEREIT; and (3) disclose all material information necessary for VEREIT shareholders to adequately assess and value the merger consideration. On behalf of VEREIT 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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