BUYOUT ALERT - National Securities Law Firm Seeks Higher Price for Apollo Residential Mortgage Shareholders in Connection with Proposed Buyout, and Encourages Shareholders to Contact Law Firm for More Information
NEW YORK, Feb. 26, 2016 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the potential sale of Apollo Residential Mortgage, Inc. (NYSE: AMTG) ("AMTG" or the "Company") on behalf of its shareholders. Apollo Commercial Real Estate Finance, Inc. ("ARI") and AMTG announced that ARI will acquire AMTG for approximately 0.417 ARI shares of common stock per AMTG share of common stock and approximately $7.53 per share in cash, which would value AMTG at approximately $14.59 per share.
Our investigation has determined that the offer price of only $14.59 per share, unfairly under-values the true going forward inherent value of AMTG and that shareholders are not receiving the maximum value for their shares. Indeed, at least one analyst projects that the true going forward inherent value of the stock is worth at least $17.25 per share, the book value per share of the Company is worth over $22.50 per share, and the stock hit a high of $16.50 within the past year. The investigation further seeks to determine whether ARI is entering into this deal for its own self-interests to the detriment of the Company's shareholders.
If you are a shareholder of AMTG and would like additional information as to how the proposed acquisition may affect your rights as a shareholder, and how you may be eligible to obtain a higher price for your shares, please contact us at no cost at:
Tripp Levy PLLC
New York, New York
Toll free: 800-511-7037
International: 602-241-2841
Email: [email protected]
www.tripplevy.com
Tripp Levy PLLC represents individual and institutional shareholders in mergers and acquisitions transactions and has assisted in the recovery of billions of dollars for shareholders in securities actions around the globe.
Attorney advertising. Prior results do not indicate a similar outcome.
SOURCE Tripp Levy PLLC
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