The Law Office of Jack Stuart Beige & Associates, P.C. Announces Investigation of American Realty Capital Healthcare Trust, Inc. Buyout Proposal
SMITHTOWN, NY, June 3, 2014:
The Law Office of Jack Stuart Beige & Associates, P.C. announces that it is investigating the Board of Directors of American Realty Capital Healthcare Trust, Inc. (“American”) (NASDAQ GS: HCT) for possible breaches of fiduciary duties and other violations of law in connection with American’s agreement to be acquired by Ventas, Inc. (“Ventas”)(NYSE: VTR), in a transaction valued at approximately $2.6 billion.
Under the terms of the agreement, public shareholders of American can elect to receive $11.33 in cash or 0.1688 shares of Ventas for each share of Anerican they own.
The investigation concerns whether American’s Board of Directors breached its fiduciary duties to stockholders, whether the proposed consideration to be paid to American’s stockholders would be fair and adequate, and whether American is acting in its stockholders’ best interests.