NEW YORK, April 16, 2015 /PRNewswire/ -- The fairness of the proposed acquisition of Excel Trust, Inc. ("EXL" or the "Company") by Blackstone Property Partners LP ("Blackstone") is being investigated by WeissLaw LLP, a national class action, shareholder rights law firm. The investigation focuses on possible breaches of fiduciary duty and other violations of law by the Board of Directors of EXL for agreeing to sell the Company to Blackstone. On April 10, 2015, the Company announced a definitive agreement for Blackstone to acquire EXL in a transaction valued at $2 billion. Under the terms of the agreement, EXL shareholders will receive $15.85 in cash for each EXL share they own.

WeissLaw is investigating whether EXL's Board acted to maximize shareholder value prior to entering into the agreement. Notably, the offer price represents a premium of just 11% over the Company stock's April 6, 2015 trading price of $14.29. Additionally, EXL recently announced positive financial results. On February 11, 2015, the Company reported total revenues of $38.9 million for the fourth quarter of 2014, a 30.4% increase over the fourth quarter of 2013.

Given these facts, WeissLaw is investigating whether EXL's Board acted in the best interests of EXL's public shareholders by actively shopping the Company to maximize shareholder value prior to entering into the agreement with Blackstone. If you own EXL shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin or Kelly Keenan by telephone at (888) 593-4771 or by email at stockinfo@weisslawllp.com.

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com or fill out the form on our website, http://www.weisslawllp.com/contact/report_fraud/.

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SOURCE WeissLaw LLP