Faruqi & Faruqi Investigation: American Residential Properties, Inc.
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 contact Juan Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.