WILMINGTON, Del.--(BUSINESS WIRE)--
Rigrodsky & Long, P.A.:
- Do you own shares of American Farmland Company (NYSE MKT: AFCO)?
- Did you purchase any of your shares prior to September 12, 2016?
- Do you think the proposed buyout value is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of American Farmland Company (“AFCO” or the “Company”) (NYSE MKT: AFCO) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Farmland Partners Inc. (“FPI”) (NYSE: FPI).
Click here to learn more: http://rigrodskylong.com/investigations/american-farmland-company-afco.
Under the terms of the agreement, shareholders of AFCO will receive 0.7417 shares of FPI for each share of AFCO they own. Based on FPI’s closing stock price on September 9, 2016, AFCO shareholders would have received compensation valued at approximately $8.23 per share.
The investigation concerns whether AFCO’s board of directors failed to adequately shop the Company and obtain the best possible value for AFCO shareholders before entering into an agreement with FPI.
If you own the common stock of AFCO and purchased your shares before September 12, 2016, 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 [email protected], or at: http://rigrodskylong.com/investigations/american-farmland-company-afco.
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.
Attorney advertising. Prior results do not guarantee a similar outcome.
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