NEW YORK, April 11, 2016 /PRNewswire/ -- Milberg LLP is
investigating possible breaches of fiduciary duty and other
violations of law in connection with the proposed acquisition of
Hatteras Financial Corp. ("Hatteras") (HTS) by Annaly Capital
Management, Inc. ("Annaly") (NLY).
On April 11, 2016, Hatteras
announced that it had signed a definitive agreement under which
Annaly will acquire Hatteras. Under the terms of the agreement,
Hatteras shareholders may elect to receive (a) $5.55 in cash and 0.9894 shares of Annaly common
stock; (b) $15.85 in cash; or (c)
1.5226 shares of Annaly common stock. However, Hatteras stock has
traded at well above $15.85 per share, reaching a 52-week high of
$18.82. Further, Hatteras has a high price target of $20.00,
according to at least one analyst.
Milberg LLP's investigation focuses on the potential unfairness
of the consideration being provided to Hatteras' stockholders and
the process by which Hatteras' Board of Directors considered and
approved the proposed deal.
Concerned investors are invited to contact the Milberg attorneys
listed below to discuss the investigation, their rights, or
potential remedies.
Founded in 1965, Milberg LLP was one of the first law firms to
prosecute class actions in federal courts on behalf of investors
and consumers and has been representing investors and
consumers for more than four decades. Milberg LLP is widely
recognized as a leader in defending the rights of victims of
corporate and other large-scale wrongdoing, serving as lead counsel
in federal and state courts throughout the United States. For
more information, please visit the firm website at
www.milberg.com.
Contacts:
Milberg LLP
Arvind Khurana
akhurana@milberg.com
Joshua Keller
jkeller@milberg.com
(212) 594-5300
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SOURCE Milberg LLP