Shareholders Foundation, Inc.

FBR & Co (NASDAQ:FBRC) Shareholder Notice: Investigation of Takeover by B. Riley Financial, Inc

An investigation on behalf of investors of FBR & Co (NASDAQ:FBRC) in connection with the proposed takeover was announced and NASDAQ:FBRC stockholders should contact the Shareholders Foundation.

 

San Diego, CA -- (SBWIRE) -- 03/13/2017 -- An investigation on behalf of investors, who currently hold shares of FBR & Co (NASDAQ:FBRC), was announced concerning whether the takeover of FBR & Co. by B. Riley Financial, Inc is unfair to NASDAQ:FBRC stockholders.

Investors who purchased shares of FBR & Co (NASDAQ:FBRC) and currently hold any of those NASDAQ:FBRC 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 FBR & Cobreached their fiduciary duties owed to NASDAQ:FBRC investors in connection with the proposed acquisition.

On February 21, 2017, B. Riley Financial, Inc. (NASDAQ: RILY) announced that it has signed a stock for stock merger agreement to acquire FBR & Co (NASDAQ:FBRC). Under the terms of the agreement, FBR & Co (NASDAQ:FBRC) shareholders are anticipated to receive 0.671 of a share of B. Riley and a pre-closing cash dividend of $8.50 for each share of FBR & Co (NASDAQ:FBRC) common stock they own, representing consideration of $18.90 based on B. Riley's February 23, 2017 closing price.

However, the investigation concerns whether the offer is unfair to NASDAQ:FBRC stockholders. More specifically, the investigation concerns whether the FBR & Co 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.

Shares of FBR & Co (NASDAQ:FBRC) closed on March 10, 2017, at $17.60 per share,

Those who purchased shares of FBR & Co have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Jacob Rosenfeld
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com