NEW YORK, March 2, 2016 /PRNewswire/ -- Today, Javelin Mortgage Investment Corp. (NYSE: JMI) announced that it was being acquired by Armour Residential REIT, Inc. (NYSE: ARR) for $7.14 per share. While the offer price represents a 19% premium to the company's stock price prior to the announcement of the deal, the offer price is significantly less than Javelin's 52-week high of $8.98 per share, less than its book value, and otherwise low when compared with other comparable transactions.
According to Carl Stine, who is a partner at Wolf Popper LLP, "It is not surprising that the deal price is as low as it is considering that eight of the company's nine directors are connected to Armour. This kind of conflict of interest makes the entire process that led to the transaction appear to be suspect."
Wolf Popper is investigating claims on behalf of investors in Javelin concerning the transaction. Javelin shareholders seeking more information about the transaction or Wolf Popper's investigation can contact Mr. Stine at (212) 759-4600 or email@example.com.
Wolf Popper has extensive experience representing investors in mergers and acquisition lawsuits and has successfully ensured that investors receive the maximum compensation. Twelve Wolf Popper attorneys were named Rising Stars or Super Lawyers in the 2015 Super Lawyers New York City Metro Edition, including Wolf Popper partner Carl Stine, who was included in the Super Lawyers Top 100 List for the New York City Metro area. View Wolf Popper attorney biographies at www.wolfpopper.com.
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