Buyout of CreXus Investment - Law Firm Seeks Higher Price and Information for Shareholders
by PR Newswire
NEW YORK, Jan. 31, 2013 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities law firm, announces that it is investigating the acquisition of Crexus Investment Corp. (NYSE: CXS). CreXus Investment Corp. (CXS) (the "Company") announced today that it has entered into a definitive merger agreement pursuant to which Annaly Capital Management, Inc. ("Annaly") will acquire all of the outstanding shares of common stock of the Company not currently owned by Annaly for $13.00 per share in cash. Annaly currently owns approx. 12.4% of CreXus common stock.
The investigation concerns, among other things, whether the consideration to be paid to CreXus shareholders is unfair, inadequate, and substantially below the fair or inherent value of the company. Indeed, the book value alone of the company is worth almost $12 per share.
If you own CreXus common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact
Tripp Levy PLLC
125 East 82nd Street
New York, New York
Toll Free: 877-772-3975
Tripp Levy PLLC is a national law firm that specializes in mergers & acquisitions, takeover litigation, shareholder rights, and corporate governance matters in state and federal courts throughout the United States. Attorney advertising. Prior results do not guarantee a similar outcome.
Tripp Levy PLLC
Tripp Levy, 877-772-3975
SOURCE Tripp Levy PLLC