EXCEL TRUST SHAREHOLDER ALERT – National Securities Law Firm Seeks Higher Price for Excel Trust Shareholders in Connection with its Acquisition. Encourages Shareholders to Contact Law Firm for More Information
March 16, 2015
New York, New York
Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of Excel Trust, Inc. (NYSE: “EXL”) (“Excel” or the “Company”) on behalf of its shareholders. Excel announced that it has entered into a definitive agreement with Blackstone Property Partners L.P., under which Blackstone will acquire all outstanding shares of common stock of Excel for $15.85 per share.
Our investigation has determined that the offer price of only $15.85 per share unfairly under-values the true going forward inherent value of Excel and that shareholders are not receiving the maximum value for their shares. Indeed, among other things, an analyst has projected that Excel’s stock is worth at least $16 per share. The investigation further seeks to determine whether senior management of Excel are acting in their own self-interests at the expense of shareholders.
If you are a shareholder of Excel and would like additional information as to how the acquisition may affect your rights as a shareholder, and how you may be eligible to obtain a higher price for your shares, please contact us toll free at 1-800-511-7037 or contact us via our website.
Tripp Levy PLLC represents individual and institutional shareholders in mergers and acquisitions transactions and, along with its affiliate, has recovered billions of dollars for shareholders in securities actions around the globe. Tripp Levy PLLC is affiliated with the law firm Milberg LLP. The National Law Journal has named Milberg one of the “50 Elite Trial Lawyer Firms” and one of the “50 Leading Plaintiff Firms in America.” Attorney advertising. Prior results do not indicate a similar outcome.