|[January 23, 2013]
The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Spirit Realty Capital, Inc. in Connection with the Sale of the Company to Cole Credit Property Trust II
NEW YORK --(Business Wire)--
Levi & Korsinsky is investigating the Board of Directors of Spirit
Realty Capital, Inc. ("Spirit Realty" or the "Company") (NYSE: SRC) for
possible 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").
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 1.9048CCPT 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 investigation concerns whether the Spirit Realty Board
of Directors breached their fiduciary duties to its stockholders by
entering into this transaction.
If you own common stock in Spirit Realty and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at email@example.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://zlk.9nl.com/spirit-realty-capital-src/.
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.
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