An investigation for investors in NYSE:HTS shares was announced concerning whether the takeover of Hatteras Financial Corp. by Annaly Capital Management, Inc for a value of $15.85 per share is unfair to NYSE:HTS stockholders.
Investors who purchased shares of Hatteras Financial Corp. (NYSE:HTS) and currently hold any of those NYSE:HTS 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 officers and directors of Hatteras Financial Corp. breached their fiduciary duties owed to NYSE:HTS investors in connection with the proposed acquisition.
On April 11, 2016, Annaly Capital Management, Inc. (NYSE:NLY) and Hatteras Financial Corp. (“Hatteras”) (NYSE:HTS) announced the signing of a merger agreement under which Annaly Capital Management, Inc will acquire Hatteras for consideration to be paid in cash and shares of Annaly Capital Management, Inc common stock, which values Hatteras at $15.85 per share of Hatteras common stock based upon the closing price of Annaly Capital Management, Inc common stock on April 8, 2016.
However, given that at least one analyst has set the high target price of NYSE:HTS at $20.00 per share, the investigation concerns whether the offer is unfair to NYSE:HTS stockholders. More specifically, the investigation concerns whether the Hatteras Financial 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.
Shares of Hatteras Financial Corp. (NYSE:HTS) reached in 2013 as high as $28.14 per share.
On April 26, 2016, NYSE:HTS shares closed at $15.79 per share.
Those who are current investors in NYSE:HTS 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