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If you purchased shares of American Realty Capital Healthcare Trust, Inc. (NASDAQ:HCT) and currently hold any of those NASDAQ:HCT shares, you have certain options and you should contact the Shareholders Foundation, Inc.
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To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Lawsuit Overview
June 16, 2014 (Shareholders Foundation) - An investor, who currently holds shares of American Realty Capital Healthcare Trust, Inc. (NASDAQ:HCT) filed a lawsuit in effort to halt the takeover of American Realty Capital Healthcare Trust, Inc. by Ventas, Inc.
The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ:HCT stockholders by agreeing to sell American Realty Capital Healthcare Trust too cheaply via an unfair process to Ventas, Inc.
On June 2, 2014, Ventas, Inc. (NYSE: VTR) and American Realty Capital Healthcare Trust, Inc. (NASDAQ: HCT) announced that the Boards of Directors of both companies have approved an agreement under which Ventas will acquire all of the outstanding shares of American Realty Capital Healthcare Trust, Inc. in a stock and cash transaction valued at $2.6 billion, or $11.33 per American Realty Capital Healthcare Trust, Inc. share.
However, the plaintiff claims that the offer is too low and undervalues American Realty Capital Healthcare Trust, Inc. In addition, the plaintiff claims that the process is also unfair to NASDAQ:HCT stockholders.
On June 16, 2014, American Realty Capital Healthcare Trust, Inc. (NASDAQ:HCT) shares closed at $10.70 per share.