NYSE
ARPI

American Residential Properties, Inc.

Shareholder Corporation Litigation

Rigrodsky & Long, P.A. Announces Investigation Of American Residential Properties, Inc. (NYSE: ARPI) Buyout

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of American Residential Properties, Inc. (“ARPI” or the “Company”) (NYSE: ARPI) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by American Homes 4 Rent (“AMH”) (NYSE: AMH), in a transaction valued at approximately $1.5 billion.

Under the terms of the agreement, shareholders of ARPI will receive 1.135 common shares or limited partnership units of AMH, representing a current value per share/unit of ARPI of $19.01 based on AMH closing price on December 2, 2015.

The investigation concerns whether ARPI’s board of directors failed to adequately shop the Company and obtain the best possible value for ARPI’s shareholders before entering into an agreement with AMH.  According to Yahoo! Finance, at least one analyst has issued a price target for ARPI stock at $23.00 per share.

If you own the common stock of ARPI and purchased your shares before December 3, 2015, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

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