Rigrodsky & Long, P.A. Announces Investigation Of Spirit Realty Capital,
WILMINGTON, Del. -- March 15, 2013
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.
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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 (888)
969-4242; by e-mail to email@example.com, or at:
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City,
New York, regularly prosecutes securities class, derivative and direct
actions, shareholder rights litigation and corporate governance litigation, on
behalf of shareholders in states and federal courts throughout the United
Attorney advertising. Prior results do not guarantee a similar outcome.
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Brian D. Long
Fax: (302) 654-7530
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