CapLease Properties Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to A
CapLease Properties Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to American Realty Capital Properties
DALLAS--(BUSINESS WIRE)-- Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of CapLease, Inc. ("CapLease") (NYS: LSE) to American Realty Capital Properties, Inc. for shareholders. Under the terms of the proposed deal valued at approximately $2.2 billion, CapLease shareholders will only receive $8.50 for each share of CapLease common stock owned and $25 plus an amount equal to any accrued and unpaid dividends up to but excluding the closing date of the merger for each share of Series A, B, and C preferred stock owned.
If you are an affected investor, and you want to learn more about the lawsuit or join the action, please contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, via email at WBriscoe@TheBriscoeLawFirm.com or Zach Groover at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at firstname.lastname@example.org. There is no cost or fee to you.
The CapLease sale investigation centers on whether CapLease's shareholders are receiving adequate compensation for their shares in the proposed deal, whether the transaction undervalues CapLease's stock, and whether CapLease's board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. Shareholder rights attorney Willie Briscoe stated that "due in part to the size of the deal, the lack of a significant premium and other factors, we believe this transaction may undervalue CapLease's stock. Our proposed lawsuit will seek to obtain the highest share price for all shareholders."
The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
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