The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased JAVELIN Mortgage Investment Corp. JMI stock prior to March 2, 2016.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of JAVELIN Mortgage Investment Corp. ("JAVELIN") to ARMOUR Residential REIT, Inc. ("ARMOUR") ARR. Under the terms of the agreement, a wholly-owned subsidiary of ARMOUR will commence a tender offer to acquire all of the outstanding shares of JAVELIN common stock for an amount in cash per share equal to 87% of the book value per share of JAVELIN common stock, as calculated in accordance with the merger agreement. Book value per share will be set 10 business days prior to the expiration of the tender offer based on the book value per share of JAVELIN's common stock at that time. Using JAVELIN's latest estimated book value per share as of March 1, 2016, the transaction would value JAVELIN at $84.7 million or $7.14 per share. To learn more about the action and your rights, go to:
http://zlk.9nl.com/javelin-mortgage-investment-jmi
or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160302006107/en/
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky,
Esq.
Tel: 212-363-7500
Toll Free: 877-363-5972
Fax:
212-363-7171
www.zlk.com
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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