NOTICE - IMPORTANT SHAREHOLDER INVESTIGATION UPDATE: Brodsky & Smith, LLC Reminds Investors of Investigations Related to the Following Companies: Anworth Mortgage Asset Corporation (NYSE:ANH), MDC Partners Inc. (NASDAQ:MDCA), MTS Systems Corporation (NASDAQ:MTSC)
BALA CYNWYD, PA / ACCESSWIRE / January 21, 2021 / Brodsky & Smith, LLC reminds investors of investigations it is conducting regarding the following companies for possible breaches of fiduciary duty and other violations of federal and state law with respect to proposed acquisition transactions. If you own shares of any of the below-referenced stocks and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 805, Bala Cynwyd, PA 19004, or calling toll free 855-576-4847. There is no cost or financial obligation to you.
Anworth Mortgage Asset Corporation (NYSE:ANH)
Under the terms of the agreement, Anworth shareholders will receive only 0.1688 shares of Ready Capital common stock and $0.61 in cash consideration. Based on Ready Capital's closing stock price on Friday, December 4, 2020, the implied offer price is $2.94 per share. The investigation concerns whether the Anworth Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether Ready Capital is underpaying for the Company. For example, the merger consideration is well below the 52-week high of $3.80 for Anworth shares.
Additional information can be found at https://www.brodskysmith.com/cases/anworth-mortgage-asset-corporation-nyse-anh/, or call 855-576-4847. No cost or obligation to you.
MDC Partners Inc. (NASDAQ:MDCA)
Under the terms of the transaction agreement, holders of MDC Class A and Class B shares will receive 26% of the common equity of the combined company, with Stagwell receiving share consideration equal to 74% of the common equity of the combined company. The investigation concerns whether the MDC Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether Stagwell is paying too little for the Company.
Additional information can be found at https://www.brodskysmith.com/cases/mdc-partners-inc-nasdaq-mdca/, or call 855-576-4847. No cost or obligation to you.
MTS Systems Corporation (NASDAQ:MTSC)
Under the terms of the agreement, MTS Systems shareholders will receive $58.50 per share in cash for each share of MTS Systems stock they own. The investigation concerns whether the MTS Systems Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether Amphenol Corporation is paying too little for the Company.
Additional information can be found at https://www.brodskysmith.com/cases/mts-systems-corporation-nasdaq-mtsc-2/, or call 855-576-4847. No cost or obligation to you.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE: Brodsky & Smith, LLC
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