Monday, December 21, 2009

American Community Properties Trust Investor Alert: Takeover beneath Investigation

An analysis on account of accepted investors American Community Properties Trust (Public, AMEX:APO), who purchased the shares afore September 14, 2009, over abeyant breaches of fiduciary assignment and added violations of accompaniment law in affiliation with an declared arbitrary takeover amount were announced.

Those who currently are investors in shares of American Community Properties Trust (AMEX:APO), and purchased the shares afore September 14, 2009, and / or accept added advice apropos to the investigation, you should acquaintance the Shareholders Foundation, Inc. at email: mail(at)shareholdersfoundation.com or at: +1 (858) 779 - 1554. The analysis by a law close focus on abeyant breaches of fiduciary assignment and added violations of accompaniment law by the Board of Directors of American Community Properties Trust arising out of their attack to advertise American Community Properties Trust (Public, AMEX:APO) to FCP Fund I, L.P. On September 25, 2009, American Community Properties Trust (NYSE Amex: APO) and FCP Fund I, L.P., appear that they accept entered into an acceding and plan of alliance whereby FCP Fund I, L.P. will access 100% of the outstanding accepted shares of American Community Properties Trust for a amount of $7.75 per share, for accumulated application of about $43.6 million.

According to American Community Properties Trust associates of the Wilson ancestors collectively own about 50.68% of the outstanding voting shares of the Company. According to American Community Properties Trust the per allotment amount represents a 17% exceptional to American Community Properties Trust ‘s closing amount on September 14, 2009, the endure trading day afore American Community Properties Trust appear that it was because assorted cardinal alternatives, including a accessible auction of the Company.

But according to an analysis by a law close “the transaction appears to be unfair” to accepted investors of American Community Properties Trust (Public, AMEX:APO) because the “offer to acquirement American Community Properties Trust (AMEX:APO) at $7.75 per allotment appears opportunistically timed to crop advantage of the accepted bread-and-butter downturn” and the action represents no exceptional to the boyhood shareholders. Shares of American Community Properties Trust (AMEX:APO) traded at $8.48 per allotment afterwards the advertisement and at over $8.70 per allotment afore the announcement. The analysis “concerns whether the application to be paid to APO shareholders is grossly unfair, inadequate, and essentially below the fair or inherent amount of APO” and “whether the admiral of APO, including any appropriate board members, may accept breached their fiduciary duties by not acting in APO shareholders' best interests in affiliation with the auction action of APO”. Another analysis even calls the action “suspicious because it appears from a analysis of the Company's banking statements that the inherent amount of the Company's banal is greater than $7.75 per share, because the banal was affairs for added than $7.75 at the time the accord was appear and aswell because the banal amount has been over $10 in the antecedent year”.

American Community Properties Trust, St. Charles, MD, is a self-managed captivation aggregation that is primarily affianced in the business of advance in and managing multifamily rental properties, as able-bodied as association development and homebuilding. ACPT’s operations are primarily concentrated in the Washington, D.C. city across and Puerto Rico and are agitated out through its United States subsidiaries. American Community Properties Trust appear in 2007 Total Revenue of $85.38million and in 2008 Total Revenue of $82.91million. American Community Properties Trust shares (AMEX:APO) were down from its 52weekHigh of $8.67 per share, $19 per allotment in 2008, and $27 per allotment in 2007.

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