An investigation on behalf of investors of NYSE:AMTG shares in connection with the proposed takeover was announced and NYSE:AMTG stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 03/21/2016 -- An investigation for shareholders in Apollo Residential Mortgage Inc (NYSE:AMTG) was announced concerning the buyout of Apollo Residential Mortgage Inc by Apollo Commercial Real Estate Finance, Inc for a value of approximately $14.59 per share.
Investors who purchased shares of Apollo Residential Mortgage Inc (NYSE:AMTG) and currently hold any of those NYSE:AMTG shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm concerns whether certain directors of Apollo Residential Mortgage Inc breached their fiduciary duties owed to NYSE:AMTG investors in connection with the proposed acquisition.
On February 26, 2016, Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) and Apollo Residential Mortgage Inc (NYSE:AMTG) announced the signing of a definitive merger agreement under which Apollo Commercial Real Estate Finance, Inc will acquire Apollo Residential Mortgage Inc (NYSE:AMTG) for consideration to be paid in cash and shares of Apollo Commercial Real Estate Finance, Inc common stock, which would value Apollo Residential Mortgage Inc (NYSE:AMTG) at approximately $14.59 per share.
However, given that at least one analyst has set the high target price for NYSE:AMTG shares at $17.25 per share, the investigation concerns whether the offer is unfair to NYSE:AMTG stockholders. More specifically, the investigation concerns whether the Apollo Residential Mortgage Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
Apollo Residential Mortgage Inc (NYSE:AMTG) shares closed on March 17, 2016, at $13.42 per share.
Those who are current investors in Apollo Residential Mortgage Inc (NYSE:AMTG) shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com