DALLAS -- (Business Wire)
Former United States Securities and Exchange Commission attorney Willie
Briscoe and the securities litigation firm of Powers
Taylor, LLP are investigating the sale of CreXus Investment Corp.
(“CreXus”) (NYSE: CXS) to Annaly Capital Management, Inc. for
shareholders. Under the terms of the proposed deal, CreXus shareholders
will only receive $13.00 in cash for each share of CreXus stock owned.
If you are an affected investor, and you want to learn more about the
lawsuit or join the action, please contact Willie Briscoe at The Briscoe
Law Firm, PLLC, (214) 239-4568, via email at WBriscoe@TheBriscoeLawFirm.com
or Zach Groover at Powers Taylor, LLP, toll free (877) 728-9607, via
e-mail at firstname.lastname@example.org.
There is no cost or fee to you.
The CreXus sale investigation centers on whether CreXus’ shareholders
are receiving adequate compensation for their shares in the buyout,
whether the transaction undervalues CreXus’ stock, and whether CreXus’
board attempted to obtain the highest share price for all shareholders
prior to agreeing to the deal. According to shareholder rights attorney
Willie Briscoe, “due to the proposed sale price, the recent performance
of CreXus and other factors, we believe this transaction may undervalue
CreXus’ stock. Our proposed lawsuit will seek to obtain the highest
share price for all shareholders.”
Briscoe Law Firm, PLLC is a full service business litigation and
shareholder rights advocacy firm with more than 20 years of experience
in complex litigation and transactional matters.
Taylor, LLP is a boutique litigation law firm that handles a variety
of complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits,
and security class actions.
The Briscoe Law Firm, PLLC
Willie Briscoe, 214-239-4568
Zach Groover, 877-728-9607
Source: Powers Taylor, LLP
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