An investigation for investors in NYSE:JMI shares was announced concerning the buyout of Javelin Mortgage Investment Corp. by ARMOUR Residential REIT, Inc for a value of $7.14 per share.
Investors who purchased shares of Javelin Mortgage Investment Corp (NYSE:JMI) and currently hold any of those NYSE:JMI 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 Javelin Mortgage Investment breached their fiduciary duties owed to NYSE:JMI investors in connection with the proposed acquisition.
On March 02, 2016, ARMOUR Residential REIT, Inc. and Javelin Mortgage Investment Corp (NYSE:JMI) announced the signing of a merger agreement, under which ARMOUR Residential REIT, Inc will acquire Javelin Mortgage Investment Corp (NYSE:JMI). Under the terms of the proposed transaction Javelin Mortgage Investment shareholders would receive a value of $7.14 per Javelin Mortgage Investment Corp (NYSE:JMI) share they own.
However, given that at least one analyst has set the high target price for NYSE: JMI shares at $8.50 per share, the investigation concerns whether the offer is unfair to NYSE:JMI stockholders. More specifically, the investigation concerns whether the Javelin Mortgage Investment 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 Javelin Mortgage Investment Corp (NYSE:JMI) closed on March 4, 2016, at $7.17 per share.
Those who are current investors in NYSE:JMI 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