Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of Hatteras Financial Corp (NYSE: HTS) acted responsibly on behalf of investors’ profitability in the planned $1.5 Billion sale to Annaly Capital Management Inc (NYSE: NLY).
On April 11, 2016, Hatteras Financial Corp (NYSE: HTS) and Annaly Capital Management Inc (NYSE: NLY) announced that they had entered into a merger agreement. Under the terms of the agreement, 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. Hatteras shareholders who elect the Cash Consideration Option or Stock Consideration Option will be subject to proration, in each of the exchange offer and the subsequent second step merger, so that the aggregate consideration will consist of approximately 65% of Annaly's common stock and approximately 35% in cash.
Based in Winston Salem, North Carolina, and founded in 2007 Hatteras Financial Corp operates as an externally-managed mortgage real estate investment trust.
The investigation focuses on whether NYSE: HTS investors received the highest price and whether the directors of Hatteras Financial Corp acted in the best interest of Hatteras Financial Corp company and its shareholders.
If you purchased Hatteras Financial Corp (NYSE: HTS) prior to April 11, 2016, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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