BALA CYNWYD, Pa., April 11, 2016 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Hatteras
Financial Corp. ("Hatteras" or "the Company") (NYSE- HTS-News) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to Annaly Capital
Management, Inc. ("Annaly").
Click here to learn more about the investigation
http://brodsky-smith.com/1058-hts-hatteras-financial-corp.html, or
call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Hatteras shareholders will
receive only: (a) $5.55 in cash and
0.9894 shares of Annaly; or (b) 15.85 in cash; or (c) 1.5226 shares
of Annaly common stock for each share of Hatteras stock they own.
Hatteras shareholders are subject to proration. The total
consideration paid to Hatteras shareholders will consist of
approximately 65% of Annaly's common stock and approximately 35% in
cash.
The investigation concerns whether the Board of Hatteras
breached their fiduciary duties to shareholders and whether Annaly
is underpaying for the Company. The transaction may undervalue the
Company and would result in a loss for many Hatteras shareholders.
For example, Hatteras stock traded at $18.82 per share on March
23, 2015 and an analyst has set a $20.00 per share price target for Hatteras
stock.
If you own shares of Hatteras and wish to discuss the legal
ramifications of the investigation, or have any questions, you
may e-mail or call the law office of Brodsky & Smith, LLC who
will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L.
Brodsky, Esquire or Evan J. Smith,
Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
510, Bala Cynwyd, PA 19004,
by visiting
http://brodsky-smith.com/1058-hts-hatteras-financial-corp.html, or
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
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SOURCE Brodsky & Smith, LLC