MONSEY, NY, Sept. 15, 2022 (GLOBE NEWSWIRE) — The law firm Wohl & Fruchter LLP is investigating whether the directors of STORE Capital Corporation BIG (“STOR”) has acted in the best interests of STOR shareholders by approving the sale of STOR to GIC and Oak Street (a division of Blue Owl) for $32.25 per share in cash.

If you remain a STOR shareholder and have questions about your legal rights, you can contact our firm at the link below to discuss your options free of charge:

https://wohl Fruchter.com/cases/store-capital-corporation/

Alternatively, you can contact us by phone at 866-833-6245 or email at alerts@wohl Fruchter.com.

Why is there an investigation?
On September 15, 2022, STOR announced that it had agreed to an acquisition by GIC and Oak Street for $32.25 per share in cash. The Agreement has been approved by STOR’s board of directors (“Board of Directors”).

Our investigation concerns whether STOR’s board of directors acted in the best interests of STOR shareholders in approving the sale, including whether the purchase price fairly compensated STOR shareholders, and whether all material information regarding the transaction was fully disclosed.

Specifically, according to an analysis of Wall Street price targets for STOR over the past 90 days, published on Seeking Alpha, there is a high price target for STOR of $37.00 per share, which is above the transaction price.

Additionally, Brad Thomas, a senior REIT analyst at SeekingAlpha, noted in an August 11, 2022 article that STOR has historically traded at multiples of 16.9 times its Adjusted Operating Funds (AFFO) (a commonly used REIT Valuation ratio) was traded. . Thomas cites estimates that STOR’s AFFO in 2022 will be $2.22 per share, indicating a fair value for STOR of $37.52 per share, which is above the transaction price.

About Wohl & Fruchter
Wohl & Fruchter LLP, with offices in New York City and Monsey, has been representing investors in fraud and other corporate wrongdoing litigation for over a decade and has…