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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SOURCE Harwood Feffer LLP