SRC Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Proposed Sale of Spirit Realty Capital, Inc.
MONSEY, N.Y., Oct. 30, 2023 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the proposed sale of Spirit Realty Capital, Inc. (NYSE: SRC) (“Spirit”) to Realty Income Corporation (“Realty Income”) in an all-stock transaction valued at approximately $9.3 billion.
- MONSEY, N.Y., Oct. 30, 2023 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the proposed sale of Spirit Realty Capital, Inc. (NYSE: SRC) (“Spirit”) to Realty Income Corporation (“Realty Income”) in an all-stock transaction valued at approximately $9.3 billion.
- On October 30, 2023, Spirit announced that it had agreed to be sold to Realty Income in an all-stock transaction valued at approximately $9.3 billion.
- Under the terms of the merger agreement, Spirit shareholders will receive 0.762 newly-issued Realty Income common shares for each Spirit common share they own.
- “We are investigating whether the Spirit Board of Directors acted in the best interests of Spirit shareholders in approving the sale,” explained Joshua Fruchter, a founding partner of Wohl & Fruchter.