An investigation for investors in NYSE:NSAM shares was announced concerning whether the merger of NorthStar Asset Management Group Inc, Colony Capital, Inc. (NYSE: CLNY) and NorthStar Realty Finance Corp is unfair.
Investors who purchased shares of NorthStar Asset Management Group Inc (NYSE:NSAM) and currently hold any of those NYSE:NSAM 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 directors of NorthStar Asset Management Group Inc breached their fiduciary duties owed to NYSE:NSAM investors in connection with the proposed acquisition.
On June 3, 2016, NorthStar Asset Management Group Inc. (NYSE: NSAM), Colony Capital, Inc. (NYSE: CLNY) and NorthStar Realty Finance Corp. (NYSE: NRF) announced that they have entered into a merger agreement under which the companies will combine in an all-stock merger of equals transaction.
However, given that NYSE:NSAM shares traded in early 2015 as high as almost $25 per share, the investigation concerns whether the merger agreement is opportunistic and detrimental to NYSE:NSAM investors. More specifically, the investigation concerns whether the NorthStar Asset Management Group 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.
NorthStar Asset Management Group Inc reported that its annual Total Revenue rose from $259.14 million in 2014 to $435.82 million in 2015 and that its Net Income increased from $19.10 million in 2014 to $119.79 million in 2015. Shares of NorthStar Asset Management Group Inc (NYSE:NSAM) reached as high as $24.48 per share in March 2015.
Those who are current investors in NYSE:NSAM 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