An investigation for investors in NYSE:AMTG shares over whether the takeover of Apollo Residential Mortgage Inc by Apollo Commercial Real Estate Finance, Inc for a value of approximately $14.59 per share is unfair.
Investors who purchased shares of Apollo Residential Mortgage Inc (NYSE:AMTG) and currently hold any of those NYSE:AMTG shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain Apollo Residential Mortgage directors breached their fiduciary duties owed to NYSE:AMTG investors in connection with the proposed acquisition.
On February 26, 2016, Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) and Apollo Residential Mortgage Inc (NYSE:AMTG) announced the signing of a definitive merger agreement under which Apollo Commercial Real Estate Finance, Inc will acquire Apollo Residential Mortgage Inc (NYSE:AMTG) for consideration to be paid in cash and shares of Apollo Commercial Real Estate Finance, Inc common stock, which would value Apollo Residential Mortgage Inc (NYSE:AMTG) at approximately $14.59 per share.
However, given that at least one analyst has set the high target price for NYSE:AMTG shares at $17.25 per share, the investigation concerns whether the offer is unfair to NYSE:AMTG stockholders. More specifically, the investigation concerns whether the Apollo Residential Mortgage Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders’ best interests in connection with the proposed sale.
Apollo Residential Mortgage Inc (NYSE:AMTG) shares closed on March 11, 2016, at $13.25 per share.
Those who are current investors in NYSE:AMTG shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com