Salas Wang LLC Launches Investigation into Spirit Realty and Cole Properties Merger

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Salas Wang LLC Launches Investigation into Spirit Realty and Cole Properties Merger

CHICAGO--(BUSINESS WIRE)-- Salas Wang LLC, a national securities firm located in Chicago, is investigating the Board of Directors of Spirit Realty ("SRC" or the "Company") (NYS: SRC) for potential breaches of fiduciary duties in selling the Company to Cole Capital Property Trust II in a stock-for-stock deal that values Spirit at less than $18.00 per share. Spirit shareholders will be giving up control and exchanging their shares in the Company for shares of a non-public real estate investment trust for little or no change-of-control premium.

More specifically, the investigation is to determine if SRC's Board of Directors breached their fiduciary duties to the Company's stockholders by not conducting an adequate and fair sales process before approving the proposed transaction, and if this proposed transaction undervalues the Company, causing damage to SRC's shareholders. To learn more, you can visit http://www.salaswang.com/topics/investigations/src/


Salas Wang LLC is a law firm that represents investors and individuals in all types of securities litigation and arbitration.

If you own common stock in SRC and wish to obtain additional information and your options going forward, please visit us at www.salaswang.com or contact firm partner Jeffrey M. Salas by e-mail at jsalas@salaswang.com or by telephone at (312) 803-4963.

Attorney Advertising.



Salas Wang LLC
Jeffrey M. Salas
155 N. Wacker Drive, Suite 4250
Chicago, IL 60606
Tel: 312.803.4963
Fax: 312.244.3151
jsalas@salaswang.com

KEYWORDS:   United States  North America  Arizona  Illinois

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The article Salas Wang LLC Launches Investigation into Spirit Realty and Cole Properties Merger originally appeared on Fool.com.

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