Faruqi & Faruqi, LLP Announces the Investigation of American Residential Properties, Inc. (ARPI) Over the Proposed Sale of the Company to American Homes 4 Rent
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of American Residential Properties, Inc. (“American Residential” or the “Company”) (NYSE:ARPI) for potential breaches of fiduciary duties in connection with the sale of the Company to American Homes 4 Rent for approximately $1.3 billion.
The Company’s stockholders will only receive 1.135 common shares of American Homes 4 Rent for each share of Company common stock they own, or approximately $18.18 per share. However, the offer represents virtually no premium over the 52-week high and significantly lower than at least one analyst’s estimated value of $23.00 per share.
If you own common stock in Company and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact Juan Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
Please tell us about yourself by completing the form below and we will provide you with additional
information at no cost to you on how to join the Class Action.
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Juan E. Monteverde
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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