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NEW YORK, March 4, 2016 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of JAVELIN Mortgage Investment Corp. ("JAVELIN" or the "Company") (NYSE: JMI) concerning the proposed acquisition of the Company by ARMOUR Residential REIT, Inc. ("ARMOUR") (NYSE: ARR), an entity related to Javelin's current external manager, ARMOUR Capital Management LP ("ACM"). Eight of the Company's nine current directors have financial ties with ARMOUR or ACM, including seven of JAVELIN's board members holding conflicting membership on ARMOUR's board of directors.
Under the terms of the merger agreement, JAVELIN stockholders would receive $7.14 per share in cash, or only a 19% premium to the Company's stock price prior to the announcement of the proposed acquisition. This offer price pales in comparison to the Company's 52-week high of $7.98 per share.
Our investigation concerns whether the JAVELIN board of directors is fulfilling its fiduciary duties by avoiding conflicts of interest, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders.
If you own JAVELIN shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Peter W. Overs, Jr., Esq.
Harwood Feffer LLP
488 Madison Avenue, 8th Fl.
New York, New York 10022
Phone Numbers: (877) 935-7400
(212) 935-7400
Email: povers@hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
Attorney Advertising. The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/harwood-feffer-llp-announces-investigation-of-javelin-mortgage-investment-corp-jmi-300231237.html
SOURCE Harwood Feffer LLP
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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