October 30, 2023
Spirit Realty Capital, Inc. Investigation
We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Spirit Realty Capital, Inc. (“Spirit Realty” or the “Company”) (NYSE: SRC), in connection with its acquisition by Realty Income Corporation (“Realty Income”) (NYSE: O). Under the terms of the merger agreement, the Company’s shareholders will receive 0.762 shares of Realty Income common stock for each share of Spirit Realty common stock owned, representing implied per-share consideration of $37.34 based upon Realty Income’s October 27, 2023 closing price of $49.00.
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