The Law Firm of Levi & Korsinsky, LLP Notifies Investors of Claims of Fiduciary
Duty by the Board of Spirit Realty Capital, Inc. in
Connection With the Sale of the Company to Cole Credit Property Trust
NEW YORK, NY -- (Marketwire) -- 03/15/13 -- Levi & Korsinsky
notifies investors of Spirit Realty Capital, Inc. ("Spirit Realty" or
the "Company") (NYSE: SRC) of claims of breaches of fiduciary duty
and other violations of state law against the board of directors of
the Company in connection with the sale of the Company to Cole Credit
Property Trust II ("CCPT II"). A complaint was filed in Maryland
Click here to learn how to join the action:
http://zlk.9nl.com/spirit-realty-capital-src/, or call: 877-363-5972.
There is no cost or obligation to you.
Under the terms of the transaction, Spirit Realty shareholders will
receive a fixed exchange ratio of 1.9048 CCPT II shares for each
share of Spirit Realty common stock owned. The transaction has a
total pro forma enterprise value of approximately $7.1 billion.
Following the close, CCPT II shareholders are expected to own
approximately 56% and Spirit Realty shareholders approximately 44% of
the common shares of the combined REIT. Spirit Realty's largest
shareholders, Macquarie Capital and TPG-Axon, who together own
approximately 15% of Spirit Realty, have executed agreements that
state their intention to vote in favor of the transaction. The claims
concern whether the Spirit Realty Board of Directors breached their
fiduciary duties to its stockholders by entering into this
If you own common stock in Spirit Realty and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either
via email at firstname.lastname@example.org or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, and Washington D.C. The firm has extensive expertise in
prosecuting securities litigation involving financial fraud,
representing investors throughout the nation in securities and
shareholder lawsuits. For more information, please feel free to
contact any of the attorneys listed below. Attorney advertising.
Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
Press spacebar to pause and continue. Press esc to stop.