Energy News / Shareholders Foundation, Inc.

Excel Trust Inc (NYSE:EXL) Investor Alert: Investigation of Takeover by Blackstone Property Partners

Via: ReleaseWire

Updated 7:00 AM CDT, Tue, April 14,2015

An investigation on behalf of investors of Excel Trust Inc (NYSE:EXL) in connection with the proposed takeover was announced and NYSE:EXL stockholders should contact the Shareholders Foundation.

San Diego, CA -- (ReleaseWire) -- 04/14/2015 -- An investigation on behalf of investors, who currently hold shares of Excel Trust Inc (NYSE:EXL), was announced concerning whether the takeover of Excel Trust Inc by Blackstone Property Partners for $15.85 per share is unfair to NYSE:EXL stockholders.

Investors who purchased shares of Excel Trust Inc (NYSE:EXL) and currently hold any of those NYSE:EXL shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of Excel Trust breached their fiduciary duties owed to NYSE:EXL investors in connection with the proposed acquisition.

On April 10, 2015, Excel Trust Inc (NYSE:EXL) announced that it has entered into an agreement with Blackstone Property Partners L.P., under which Blackstone will acquire all outstanding shares of common stock of Excel Trust for $15.85 per share in an all-cash transaction valued at approximately $2 billion.

However, given that at least one analyst has set the high target price for NYSE:EXL shares at $16.00 per share, the investigation concerns whether the offer is unfair to NYSE:EXL stockholders. More specifically, the investigation concerns whether the Excel Trust Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Excel Trust Inc reported that its annual Total Revenue rose from $112.54 million in 2013 to $130.32 million in 2014. Shares of Excel Trust Inc (NYSE:EXL) grew from $11.05 per share in ealr 2014 to as high as $14.35 per share in March 2015.

On April 10, 2015, NYSE:EXL shares closed at $15.82 per share.

Those who are current investors in Excel Trust Inc (NYSE:EXL) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.releasewire.com/press-releases/excel-trust-inc-nyseexl-investor-alert-investigation-of-takeover-by-blackstone-property-partners-591830.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com