Faruqi & Faruqi, LLP Announces the Investigation of Hatteras Financial Corp. (HTS) Over the Proposed Sale of the Company to Annaly Capital Management, Inc.
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Hatteras Financial Corp. (“Hatteras” or the “Company”) (NYSE:HTS) for potential breaches of fiduciary duties in connection with the sale of the Company to Annaly Capital Management, Inc. (“Annaly”) for approximately $1.5 billion.
The Company’s stockholders may elect to receive: (a) $5.55 in cash and 0.9894 shares of Annaly common stock; (b) $15.85 in cash; or (c) 1.5226 shares of Annaly common for each share of Company common stock they own. However, this consideration is below at least one analyst’s price target of $20.00 per share and Hatteras’ 52-week high of $18.82 per share.
If you own common stock in Hatteras and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact Juan Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
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Tel: (212) 983-9330
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