MTGE Investment Corp. Shareholder Alert: Former SEC Attorney Willie Briscoe Investigates Sale to Annaly Capital Management Inc.
MTG INVESTMENT CORP COMMON (MTGE)
Last mtg investment corp common earnings: 5/3 04:01 pm
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US:NASDAQ Investor Relations:
ir.mtge.com
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Source: Business Wire
DALLAS--(BUSINESS WIRE)-- Former United States Securities and Exchange Commission attorney Willie Briscoe is investigating potential claims against the Board of Directors of MTGE Investment Corp. (“MTGE”) (NasdaqGS: MTGE) concerning the sale to Annaly Capital Management Inc. (NYSE: NLY). Under the terms of the agreement, MTGE shareholders may elect to receive one of the following options for each share owned: (a) $9.82 in cash and 0.9519 shares of Anally common stock; (b) $19.65 in cash; or (c) 1.9037 shares of Annaly common stock. The consideration is virtually no premium over the 52-week high and lower than at least one analyst’s estimated value of $21.00 per share. 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
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