Rigrodsky & Long, P.A. Announces Investigation Of Spirit Realty Capital, Inc. Buyout

WILMINGTON, Del.–(BUSINESS WIRE)– Rigrodsky & Long, P.A.:

• Do you own shares of Spirit Realty Capital, Inc. (NYSE: SRC )?
• Did you purchase any of your shares prior to January 22, 2013?
• Do you think the proposed buyout price is too low?
• Do you want to discuss your rights?

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Spirit Realty Capital, Inc. (“Spirit Realty” or the “Company”) (NYSE: SRC) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Cole Credit Property Trust II (“CCPT II”) in a transaction with a pro forma enterprise value of approximately $7.1 billion.

Click here to learn more: http://www.rigrodskylong.com/investigations/spirit-realty-capital-inc-src.

Under the terms of the proposal, public shareholders of Spirit Realty will receive a fixed exchange ratio of 1.9048 CCPT II shares for each share of Spirit Realty they own.

The investigation concerns whether Spirit Realty‘s board of directors failed to adequately shop the Company and obtain the best possible value for Spirit Realty‘s shareholders before entering into an agreement with CCPT II.

If you own the common stock of Spirit Realty and purchased your shares before January 22, 2013, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth Rigrodsky or Brian Long at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, Delaware 19803, by telephone at (302) 295-5310, or Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530, by telephone at …read more
Source: FULL ARTICLE at DailyFinance