HATTERAS FINANCIAL CORP. SHAREHOLDER ALERT: Former SEC Attorney Willie Briscoe & Powers Taylor LLP Believe the Acquisition by...
11 Aprile 2016 - 7:06PM
Business Wire
Former United States Securities and Exchange Commission attorney
Willie Briscoe and the securities litigation firm of Powers Taylor
LLP are investigating potential claims against the Board of
Directors of Hatteras Financial Corp. (“Hatteras”) (NYSE: HTS)
concerning the acquisition by Annaly Capital Management, Inc. Under
the terms of the agreement, valued at approximately $1.5 billion,
Hatteras shareholders may elect to receive: (a) $5.55 in cash and
0.9894 shares of Annaly common stock; (b) $15.85 in cash; or (c)
1.5226 shares of Annaly common stock per Hatteras share owned. The
consideration is significantly lower than at least one analyst’s
estimated value of $20.00.
If you are an affected investor, and you want to learn more
about the investigation or if you have information that you believe
would be helpful to our investigation of the fairness of the
proposed transaction, contact Willie Briscoe at The Briscoe Law
Firm, PLLC via email at shareholders@thebriscoelawfirm.com, Patrick
Powers at Powers Taylor LLP via e-mail at
shareholder@powerstaylor.com or by calling toll free at (877)
728-9607. There is no cost or fee to you.
The investigation centers on whether Hatteras’s Board of
Directors is acting in the shareholders’ best interests, whether
the board considered alternatives to the acquisition, and whether
the board has employed an adequate process to review and act on the
proposed transaction. Notably, at least one analyst with Yahoo!
Finance believes the true inherent value of Hatteras could be as
high as $20.00 per share.
The Briscoe Law Firm, PLLC is a full service business litigation
and shareholder rights advocacy firm with more than 20 years of
experience in complex litigation and transactional matters.
Powers Taylor LLP is a boutique litigation law firm that handles
a variety of complex business litigation matters, including claims
of investor and stockholder fraud, shareholder oppression,
shareholder derivative suits, and security class actions.
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version on businesswire.com: http://www.businesswire.com/news/home/20160411006114/en/
The Briscoe Law Firm, PLLCWillie Briscoe,
877-728-9607shareholders@thebriscoelawfirm.comorPowers Taylor
LLPPatrick Powers, 877-728-9607shareholder@powerstaylor.com
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