NEW YORK, April 27, 2018 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of CYS Investments, Inc. ("CYS" or the "Company") (NYSE: CYS) in connection with the proposed acquisition of the Company by Two Harbors Investment Corp. ("TWO") (NYSE: TWO). Under the terms of the acquisition agreement, the Company's shareholders will receive $7.79 of combined cash and stock consideration per share.
WeissLaw is investigating whether CYS's Board acted to maximize shareholder value prior to entering into the agreement. Notably, at least one analyst set a target price of $8.00 per share. Additionally, CYS shares traded for $8.75, or nearly $1.00 above the per-share consideration, as recently as October of last year.
Given these facts, WeissLaw is investigating whether CYS's shareholders will obtain their fair and proportionate share of the Company's continued success and growth prospects. If you own CYS shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin by telephone at (888) 593-4771 or by email at [email protected].
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [email protected] or fill out the form on our website, http://www.weisslawllp.com/cys-investments-inc/
SOURCE WeissLaw LLP