NEW YORK, March 4, 2016 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of JAVELIN Mortgage Investment Corp. ("JAVELIN" or the "Company") (NYSE: JMI) concerning the proposed acquisition of the Company by ARMOUR Residential REIT, Inc. ("ARMOUR") (NYSE: ARR), an entity related to Javelin's current external manager, ARMOUR Capital Management LP ("ACM"). Eight of the Company's nine current directors have financial ties with ARMOUR or ACM, including seven of JAVELIN's board members holding conflicting membership on ARMOUR's board of directors.
Under the terms of the merger agreement, JAVELIN stockholders would receive $7.14 per share in cash, or only a 19% premium to the Company's stock price prior to the announcement of the proposed acquisition. This offer price pales in comparison to the Company's 52-week high of $7.98 per share.
Our investigation concerns whether the JAVELIN board of directors is fulfilling its fiduciary duties by avoiding conflicts of interest, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders.
If you own JAVELIN shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq. Peter W. Overs, Jr., Esq. Harwood Feffer LLP 488 Madison Avenue, 8th Fl. New York, New York 10022 Phone Numbers: (877) 935-7400 (212) 935-7400 Email: firstname.lastname@example.org Website: http://www.hfesq.com Follow us on Twitter: @HarwoodFeffer
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