BALA CYNWYD, Pa., Dec. 22, 2015 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of American
Residential Properties, Inc. ("American Residential Properties" or
"the Company") (NYSE- ARPI-News) for possible breaches of fiduciary
duty and other violations of state law in connection with the sale
of the Company to American Homes 4 Rent ("American Homes").
Click here to learn more about the investigation
http://brodsky-smith.com/1015-arpi-american-residential-properties-inc.html,
or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, American Residential
Properties shareholders will receive only 1.135 common shares or
limited partnership units of American Homes for each share of
American Residential Properties stock they own. The transaction
values American Residential Properties at only approximately
$19.01 per share. The investigation
concerns whether the Board of American Residential Properties
breached their fiduciary duties to shareholders and whether
American Homes is underpaying for the Company. The transaction may
undervalue the Company and would result in no real gain for many
American Residential Properties shareholders. For example, the
offer price is below the $19.60 per
share price American Residential Properties stock traded at on
April 28, 2015 and substantially
below an analyst price target of $23.00 per share.
If you own shares of American Residential Properties stock and
wish to discuss the legal ramifications of the
investigation, or have any questions, you may e-mail or call the
law office of Brodsky & Smith, LLC who will, without obligation
or cost to you, attempt to answer your questions. You may contact
Jason L. Brodsky, Esquire or
Evan J. Smith, Esquire at Brodsky
& Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting
http://brodsky-smith.com/1015-arpi-american-residential-properties-inc.html,
or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
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SOURCE Brodsky & Smith, LLC