WILMINGTON, Del.--(BUSINESS WIRE)--Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of Excel Trust, Inc. (NYSE:EXL) (“Excel” or the “Company”) relating to the sale of the Company to Blackstone Property Partners L.P. (“Blackstone”). On April 10, 2015, the two companies announced the signing of a definitive merger agreement pursuant to which Blackstone will acquire Excel in a deal approximately worth $2 billion. As a result of the merger, Excel shareholders are only anticipated to receive $15.85 per share in cash in exchange for each share of Excel.
Our investigation so far has revealed that the consideration Excel shareholders are expected to receive is inadequate. Andrews & Springer is also investigating whether Excel directors are breaching their fiduciary duties by failing to adequately shop the company and maximize shareholder value. Our firm is also investigating the fairness of the sales process conducted by the Company’s financial advisor Morgan Stanley & Co. LLC.
If you currently own shares of Excel and want to receive additional information and protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-investigations/EXL or contact Craig J. Springer, Esq. at firstname.lastname@example.org, or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook - www.facebook.com/AndrewsSpringer for future updates.
Andrews & Springer is a boutique securities class action law firm representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty or corporate misconduct. Having formerly defended some of the largest financial institutions in the world, our founding members use their valuable knowledge, experience, and superior skill for the sole purpose of achieving positive results for investors. These traits are the hallmarks of our innovative approach to each case our Firm decides to prosecute. For more information please visit our website at www.andrewsspringer.com. This notice constitutes Attorney Advertising.