NEW YORK, May 4, 2018 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of MTGE Investment Corp. ("MTGE" or the "Company") (NASDAQ: MTGE) in connection with the proposed acquisition of the Company by Annaly Capital Management, Inc. ("Annaly") (NYSE: NLY). Under the terms of the agreement, the Company's shareholders may elect to receive: (a) $9.82 in cash and 0.9519 shares of Annaly common stock (the "Cash-and-Stock Consideration"); or (b) $19.65 in cash (the "Cash Consideration"); or (c) 1.9037 shares of Annaly common stock (the "Stock Consideration").
WeissLaw is investigating whether MTGE's Board acted to maximize shareholder value prior to entering into the agreement. Notably, at least one analyst set a target price of $21.00 per MTGE share, which based on NLY's May 3 trading price of $9.95, is $1.71 more than the Cash-and-Stock Consideration, $1.35 more than the Cash Consideration, and $2.06 more than the Stock Consideration.
Given these facts, WeissLaw is investigating whether MTGE shareholders will obtain their fair and proportionate share of the Company's continued success and growth prospects. If you own MTGE 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@example.com.
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 firstname.lastname@example.org or fill out the form on our website, http://www.weisslawllp.com/mtge-investment-corp/
SOURCE WeissLaw LLP