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
stockinfo@weisslawllp.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 stockinfo@weisslawllp.com or fill out the form
on our website,
http://www.weisslawllp.com/mtge-investment-corp/
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SOURCE WeissLaw LLP