Javelin Mortgage Investment Co (JMI) 7.18 $JMI
ARMOUR Completes $85.2 Million Cash Acquisition of Javelin
GlobeNewswire - Wed Apr 06, 3:45PM CDT
ARMOUR Residential REIT, Inc. (NYSE: ARR, ARR PrA and ARR PrB) ("ARMOUR"
and JAVELIN Mortgage Investment Corp. (NYSE:JMI) ("JAVELIN" today announced that ARMOUR has completed its $85.2 million cash acquisition of JAVELIN through a second-step merger (the "Merger". At the effective time of the Merger, all of the remaining outstanding shares of JAVELIN common stock not purchased by ARMOUR in the previously announced cash tender offer (the "Tender Offer" were converted into the right to receive the same $7.18 per share cash price as in the Tender Offer. The aggregate cost of acquiring the tendered shares in the Tender Offer was approximately $48.7 million and the aggregate cost of the remaining shares to be purchased as a result of the Merger is approximately $36.5 million. Maryland law did not require that the Merger be approved by the JAVELIN stockholders. Upon consummation of the Merger, JAVELIN became a wholly-owned subsidiary of ARMOUR. As a result of the completion of the Merger, it is anticipated that the shares of JAVELIN common stock will cease to be traded on The New York Stock Exchange before the open of market on April 7, 2016.
ARR: 20.45 (-0.15), JMI: 7.18 (+0.01)
ARMOUR'S $85.2 Million Cash Tender Offer for Javelin Common Stock Meets Minimum Condition
GlobeNewswire - Mon Apr 04, 5:00AM CDT
ARMOUR Residential REIT, Inc. (NYSE: ARR, ARR PrA and ARR PrB) ("ARMOUR" and JAVELIN Mortgage Investment Corp. (NYSE:JMI) ("JAVELIN" today announced that ARMOUR's previously announced $85.2 million cash tender offer (the "Tender Offer" for all of the outstanding shares of common stock of JAVELIN (the "JAVELIN Common Stock" has successfully met the Minimum Condition, as defined in the Agreement and Plan of Merger dated as of March 1, 2016, among ARMOUR, JMI Acquisition Corporation ("Acquisition" and JAVELIN (the "Merger Agreement". ARMOUR, through its newly formed subsidiary, Acquisition, has agreed to purchase 6,785,972 shares of JAVELIN Common Stock that were properly tendered (including 594,297 shares tendered through notices of guaranteed delivery) and not withdrawn prior to the expiration of the Tender Offer at the tender offer price of $7.18 per share, for an aggregate cost of approximately $48.7 million, excluding fees and expenses relating to the Tender Offer. The 6,785,972 shares of JAVELIN Common Stock that ARMOUR has agreed to purchase in the Tender Offer (including the shares tendered through notices of guaranteed delivery) will result in ARMOUR's ownership of approximately 57.2% of JAVELIN Common Stock outstanding as of April 1, 2016.
ARR: 20.45 (-0.15), JMI: 7.18 (+0.01)
Maryland Court Denies Preliminary Injunction Against ARMOUR's Tender Offer for Shares of JAVELIN Common Stock
GlobeNewswire - Fri Apr 01, 5:00AM CDT
ARMOUR Residential REIT, Inc. (NYSE: ARR, ARR PrA and ARR PrB) ("ARMOUR" and JAVELIN Mortgage Investment Corp. (NYSE:JMI) ("JAVELIN" today announced that the Circuit Court for Baltimore City has denied a motion seeking to enjoin ARMOUR's completion of its previously announced tender offer to purchase, through its newly formed subsidiary, JMI Acquisition Corporation ("Acquisition", all of the outstanding shares of common stock of JAVELIN ("JAVELIN Common Stock" for $7.18 per share in cash (the "Tender Offer". The Court's order, entered in a putative class action captioned Stourbridge Investments Ltd. v. Staton, et al., (Case No. 24C16001542), denied a request for a preliminary injunction.
ARR: 20.45 (-0.15), JMI: 7.18 (+0.01)
ARMOUR Announces Final Cash Purchase Price Per Share for Shares of JAVELIN Common Stock in Tender Offer
GlobeNewswire - Mon Mar 21, 5:00AM CDT
ARMOUR Residential REIT, Inc. (NYSE: ARR, ARR PrA and ARR PrB) ("ARMOUR" announced today the final cash purchase price per share (the "Tender Offer Price" of common stock ("JAVELIN Common Stock" of JAVELIN Mortgage Investment Corp. (NYSE:JMI) ("JAVELIN" offered by ARMOUR pursuant to its previously announced offer (the "Tender Offer" to purchase, through its newly formed subsidiary, JMI Acquisition Corporation ("Acquisition", all of the shares of JAVELIN Common Stock.
ARR: 20.45 (-0.15), JMI: 7.18 (+0.01)
Law Offices of Marc S. Henzel Commences Investigation of Companies for Violations of the Federal Securities Laws
PR Newswire - Fri Mar 11, 8:11AM CST
The Law Offices of Marc S. Henzel (www.henzellaw.com), a firm focusing on shareholder litigation, gives notice to shareholders of investigation into the following securities for violations of the Federal Securities Laws:
POWR: 18.76 (+0.02), HDP: 11.88 (-0.16), TK: 7.25 (-0.33), PTCT: 7.07 (-0.33), TUMI: 26.71 (-0.01), RMTI: 8.20 (-0.06), SRE: 113.63 (+0.41), CKEC: 30.92 (+0.53), JMI: 7.18 (+0.01), CKP: 10.14 (unch), WILC: 4.28 (+0.04)
Harwood Feffer LLP Announces Investigation of JAVELIN Mortgage Investment Corp. (JMI)
PR Newswire - Fri Mar 04, 3:06PM CST
Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of JAVELIN Mortgage Investment Corp. ("JAVELIN" or the "Company" (NYSE: JMI) concerning the proposed acquisition of the Company by ARMOUR Residential REIT, Inc. ("ARMOUR" (NYSE: ARR), an entity related to Javelin's current external manager, ARMOUR Capital Management LP ("ACM". Eight of the Company's nine current directors have financial ties with ARMOUR or ACM, including seven of JAVELIN's board members holding conflicting membership on ARMOUR's board of directors.
ARR: 20.45 (-0.15), JMI: 7.18 (+0.01)
JAVELIN MORTGAGE INVESTMENT CORP. SHAREHOLDER ALERT: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Investigate Sale to ARMOUR Residential REIT Inc.
BusinessWire - Fri Mar 04, 10:47AM CST
Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential claims against the Board of Directors of JAVELIN Mortgage Investment Corp. ("JAVELIN" (NYSE: JMI) concerning the sale to ARMOUR Residential REIT Inc. Under the terms of the agreement, JAVELIN shareholders will only receive $7.14 in cash for each share owned, which is virtually no premium over the 52-week high and lower than at least one analyst's estimated value of $8.50 per share.
ARR: 20.45 (-0.15), JMI: 7.18 (+0.01)
Javelin Mortgage Investment Corp. Reports Q4 2015 ROE of 11.6% From Core Income of $3.5 Million or $0.29 Per Common Share, Net Income of $5.2 Million or $0.44 Per Common Share
GlobeNewswire - Thu Mar 03, 3:55PM CST
JAVELIN Mortgage Investment Corp. (NYSE:JMI) ("JAVELIN" or the "Company" today announced financial results for the quarter ended December 31, 2015.
JMI: 7.18 (+0.01)
Javelin Mortgage Investment Corp. Stockholders Encouraged to Contact Securities Law Firm about Takeover
PR Newswire - Thu Mar 03, 9:02AM CST
Securities lawyers at Dunnam & Dunnam are investigating the board of Javelin Mortgage Investment Corp. (NYSE: JMI) in connection with a buyout for only $7.14 per share. The stock traded higher than the offer price less than three months ago and the offer price is less than the company's book value.
JMI: 7.18 (+0.01)
Bragar Eagel & Squire, P.C. Is Investigating the Board of Directors of JAVELIN Mortgage Investment Corp. (JMI) on Behalf of Stockholders and Encourages Investors to Contact the Firm
BusinessWire - Wed Mar 02, 6:32PM CST
Bragar Eagel & Squire, P.C. is investigating potential claims on behalf of JAVELIN Mortgage Investment Corp. (NYSE:JMI) investors concerning the proposed acquisition of the company by ARMOUR Residential REIT, Inc.
JMI: 7.18 (+0.01)
Robbins Arroyo LLP: Acquisition of JAVELIN Mortgage Investment Corp (JMI) by ARMOUR Residential REIT Inc (ARR) May Not Be in Shareholders' Best Interests
BusinessWire - Wed Mar 02, 2:03PM CST
Shareholder rights attorneys at Robbins Arroyo LLP are investigating the proposed acquisition of JAVELIN Mortgage Investment Corp. (NYSE: JMI) by ARMOUR Residential REIT Inc. (NYSE: ARR). On March 2, 2016, the two companies announced the signing of a definitive merger agreement pursuant to which ARMOUR will acquire JAVELIN. Under the terms of the agreement, JAVELIN shareholders will receive $7.14 in cash for each share of JAVELIN common stock.
ARR: 20.45 (-0.15), JMI: 7.18 (+0.01)
Wolf Popper LLP Investigates Conflicts and Low Price in Buyout of Javelin Mortgage Investment Corp.
PR Newswire - Wed Mar 02, 1:24PM CST
Today, Javelin Mortgage Investment Corp. (NYSE: JMI) announced that it was being acquired by Armour Residential REIT, Inc. (NYSE: ARR) for $7.14 per share. While the offer price represents a 19% premium to the company's stock price prior to the announcement of the deal, the offer price is significantly less than Javelin's 52-week high of $8.98 per share, less than its book value, and otherwise low when compared with other comparable transactions.
ARR: 20.45 (-0.15), JMI: 7.18 (+0.01)
JAVELIN Mortgage Investment Corp. Announces February 2016 Dividend Rate Per Common Share
GlobeNewswire - Thu Jan 28, 5:05AM CST
JAVELIN Mortgage Investment Corp. (NYSE:JMI) ("JAVELIN" or the "Company" today announced the February 2016 cash dividend rate for the Company's Common Stock.
JMI: 7.18 (+0.01)
JAVELIN Mortgage Investment Corp. Confirms January 2016 Dividend Rate Per Common Share
GlobeNewswire - Mon Jan 04, 5:00AM CST
JAVELIN Mortgage Investment Corp. (NYSE:JMI) ("JAVELIN" or the "Company" today confirmed the January 2016 cash dividend rate for the Company's Common Stock.
JMI: 7.18 (+0.01)
JAVELIN Mortgage Investment Corp. Announces Expected January 2016 Dividend Rate Per Common Share
GlobeNewswire - Wed Dec 23, 3:15PM CST
JAVELIN Mortgage Investment Corp. (NYSE:JMI) ("JAVELIN" or the "Company" today announced the January 2016 expected cash dividend rate for the Company's Common Stock.
JMI: 7.18 (+0.01)
Wolverine Asset Management Delivers Letter to Board of Directors of JAVELIN Mortgage Investment Corp.
PR Newswire - Tue Dec 15, 9:55AM CST
Wolverine Asset Management, LLC ("WAM", the manager for Wolverine Flagship Fund Trading Limited, a multi-strategy private investment fund with approximately $1.6 billion in assets under management, and one of the largest shareholders of JAVELIN Mortgage Investment Corp. (NYSE: JMI) ("JAVELIN" or the "Company" with beneficial ownership of approximately 5.1% of the Company's outstanding shares, today announced that it has sent a letter to the JAVELIN Board of Directors (the "Board", the full text of which is below.
JMI: 7.18 (+0.01)
JAVELIN Mortgage Investment Corp. Announces $2.1 Million Expense Reductions and Expanded 2 Million Share Repurchase Program
GlobeNewswire - Mon Dec 14, 6:45AM CST
JAVELIN Mortgage Investment Corp. (NYSE:JMI) ("JAVELIN" or the "Company" announced two measures to reduce expenses, and also approved an expansion of the Company's share repurchase plan. The expense reduction measures are expected to reduce costs by approximately $2.1 million annually.
JMI: 7.18 (+0.01)
ARMOUR Completes $85.2 Million Cash Acquisition of Javelin
GlobeNewswire - Wed Apr 06, 3:45PM CDT
ARMOUR Residential REIT, Inc. (NYSE: ARR, ARR PrA and ARR PrB) ("ARMOUR"
and JAVELIN Mortgage Investment Corp. (NYSE:JMI) ("JAVELIN" today announced that ARMOUR has completed its $85.2 million cash acquisition of JAVELIN through a second-step merger (the "Merger". At the effective time of the Merger, all of the remaining outstanding shares of JAVELIN common stock not purchased by ARMOUR in the previously announced cash tender offer (the "Tender Offer" were converted into the right to receive the same $7.18 per share cash price as in the Tender Offer. The aggregate cost of acquiring the tendered shares in the Tender Offer was approximately $48.7 million and the aggregate cost of the remaining shares to be purchased as a result of the Merger is approximately $36.5 million. Maryland law did not require that the Merger be approved by the JAVELIN stockholders. Upon consummation of the Merger, JAVELIN became a wholly-owned subsidiary of ARMOUR. As a result of the completion of the Merger, it is anticipated that the shares of JAVELIN common stock will cease to be traded on The New York Stock Exchange before the open of market on April 7, 2016. ARR: 20.45 (-0.15), JMI: 7.18 (+0.01)
ARMOUR'S $85.2 Million Cash Tender Offer for Javelin Common Stock Meets Minimum Condition
GlobeNewswire - Mon Apr 04, 5:00AM CDT
ARMOUR Residential REIT, Inc. (NYSE: ARR, ARR PrA and ARR PrB) ("ARMOUR"
and JAVELIN Mortgage Investment Corp. (NYSE:JMI) ("JAVELIN" today announced that ARMOUR's previously announced $85.2 million cash tender offer (the "Tender Offer" for all of the outstanding shares of common stock of JAVELIN (the "JAVELIN Common Stock" has successfully met the Minimum Condition, as defined in the Agreement and Plan of Merger dated as of March 1, 2016, among ARMOUR, JMI Acquisition Corporation ("Acquisition" and JAVELIN (the "Merger Agreement". ARMOUR, through its newly formed subsidiary, Acquisition, has agreed to purchase 6,785,972 shares of JAVELIN Common Stock that were properly tendered (including 594,297 shares tendered through notices of guaranteed delivery) and not withdrawn prior to the expiration of the Tender Offer at the tender offer price of $7.18 per share, for an aggregate cost of approximately $48.7 million, excluding fees and expenses relating to the Tender Offer. The 6,785,972 shares of JAVELIN Common Stock that ARMOUR has agreed to purchase in the Tender Offer (including the shares tendered through notices of guaranteed delivery) will result in ARMOUR's ownership of approximately 57.2% of JAVELIN Common Stock outstanding as of April 1, 2016. ARR: 20.45 (-0.15), JMI: 7.18 (+0.01)
Maryland Court Denies Preliminary Injunction Against ARMOUR's Tender Offer for Shares of JAVELIN Common Stock
GlobeNewswire - Fri Apr 01, 5:00AM CDT
ARMOUR Residential REIT, Inc. (NYSE: ARR, ARR PrA and ARR PrB) ("ARMOUR"
and JAVELIN Mortgage Investment Corp. (NYSE:JMI) ("JAVELIN" today announced that the Circuit Court for Baltimore City has denied a motion seeking to enjoin ARMOUR's completion of its previously announced tender offer to purchase, through its newly formed subsidiary, JMI Acquisition Corporation ("Acquisition", all of the outstanding shares of common stock of JAVELIN ("JAVELIN Common Stock" for $7.18 per share in cash (the "Tender Offer". The Court's order, entered in a putative class action captioned Stourbridge Investments Ltd. v. Staton, et al., (Case No. 24C16001542), denied a request for a preliminary injunction. ARR: 20.45 (-0.15), JMI: 7.18 (+0.01)
ARMOUR Announces Final Cash Purchase Price Per Share for Shares of JAVELIN Common Stock in Tender Offer
GlobeNewswire - Mon Mar 21, 5:00AM CDT
ARMOUR Residential REIT, Inc. (NYSE: ARR, ARR PrA and ARR PrB) ("ARMOUR"
announced today the final cash purchase price per share (the "Tender Offer Price" of common stock ("JAVELIN Common Stock" of JAVELIN Mortgage Investment Corp. (NYSE:JMI) ("JAVELIN" offered by ARMOUR pursuant to its previously announced offer (the "Tender Offer" to purchase, through its newly formed subsidiary, JMI Acquisition Corporation ("Acquisition", all of the shares of JAVELIN Common Stock. ARR: 20.45 (-0.15), JMI: 7.18 (+0.01)
Law Offices of Marc S. Henzel Commences Investigation of Companies for Violations of the Federal Securities Laws
PR Newswire - Fri Mar 11, 8:11AM CST
The Law Offices of Marc S. Henzel (www.henzellaw.com), a firm focusing on shareholder litigation, gives notice to shareholders of investigation into the following securities for violations of the Federal Securities Laws:
POWR: 18.76 (+0.02), HDP: 11.88 (-0.16), TK: 7.25 (-0.33), PTCT: 7.07 (-0.33), TUMI: 26.71 (-0.01), RMTI: 8.20 (-0.06), SRE: 113.63 (+0.41), CKEC: 30.92 (+0.53), JMI: 7.18 (+0.01), CKP: 10.14 (unch), WILC: 4.28 (+0.04)
Harwood Feffer LLP Announces Investigation of JAVELIN Mortgage Investment Corp. (JMI)
PR Newswire - Fri Mar 04, 3:06PM CST
Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of JAVELIN Mortgage Investment Corp. ("JAVELIN" or the "Company"
(NYSE: JMI) concerning the proposed acquisition of the Company by ARMOUR Residential REIT, Inc. ("ARMOUR" (NYSE: ARR), an entity related to Javelin's current external manager, ARMOUR Capital Management LP ("ACM". Eight of the Company's nine current directors have financial ties with ARMOUR or ACM, including seven of JAVELIN's board members holding conflicting membership on ARMOUR's board of directors. ARR: 20.45 (-0.15), JMI: 7.18 (+0.01)
JAVELIN MORTGAGE INVESTMENT CORP. SHAREHOLDER ALERT: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Investigate Sale to ARMOUR Residential REIT Inc.
BusinessWire - Fri Mar 04, 10:47AM CST
Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential claims against the Board of Directors of JAVELIN Mortgage Investment Corp. ("JAVELIN"
(NYSE: JMI) concerning the sale to ARMOUR Residential REIT Inc. Under the terms of the agreement, JAVELIN shareholders will only receive $7.14 in cash for each share owned, which is virtually no premium over the 52-week high and lower than at least one analyst's estimated value of $8.50 per share. ARR: 20.45 (-0.15), JMI: 7.18 (+0.01)
Javelin Mortgage Investment Corp. Reports Q4 2015 ROE of 11.6% From Core Income of $3.5 Million or $0.29 Per Common Share, Net Income of $5.2 Million or $0.44 Per Common Share
GlobeNewswire - Thu Mar 03, 3:55PM CST
JAVELIN Mortgage Investment Corp. (NYSE:JMI) ("JAVELIN" or the "Company"
today announced financial results for the quarter ended December 31, 2015. JMI: 7.18 (+0.01)
Javelin Mortgage Investment Corp. Stockholders Encouraged to Contact Securities Law Firm about Takeover
PR Newswire - Thu Mar 03, 9:02AM CST
Securities lawyers at Dunnam & Dunnam are investigating the board of Javelin Mortgage Investment Corp. (NYSE: JMI) in connection with a buyout for only $7.14 per share. The stock traded higher than the offer price less than three months ago and the offer price is less than the company's book value.
JMI: 7.18 (+0.01)
Bragar Eagel & Squire, P.C. Is Investigating the Board of Directors of JAVELIN Mortgage Investment Corp. (JMI) on Behalf of Stockholders and Encourages Investors to Contact the Firm
BusinessWire - Wed Mar 02, 6:32PM CST
Bragar Eagel & Squire, P.C. is investigating potential claims on behalf of JAVELIN Mortgage Investment Corp. (NYSE:JMI) investors concerning the proposed acquisition of the company by ARMOUR Residential REIT, Inc.
JMI: 7.18 (+0.01)
Robbins Arroyo LLP: Acquisition of JAVELIN Mortgage Investment Corp (JMI) by ARMOUR Residential REIT Inc (ARR) May Not Be in Shareholders' Best Interests
BusinessWire - Wed Mar 02, 2:03PM CST
Shareholder rights attorneys at Robbins Arroyo LLP are investigating the proposed acquisition of JAVELIN Mortgage Investment Corp. (NYSE: JMI) by ARMOUR Residential REIT Inc. (NYSE: ARR). On March 2, 2016, the two companies announced the signing of a definitive merger agreement pursuant to which ARMOUR will acquire JAVELIN. Under the terms of the agreement, JAVELIN shareholders will receive $7.14 in cash for each share of JAVELIN common stock.
ARR: 20.45 (-0.15), JMI: 7.18 (+0.01)
Wolf Popper LLP Investigates Conflicts and Low Price in Buyout of Javelin Mortgage Investment Corp.
PR Newswire - Wed Mar 02, 1:24PM CST
Today, Javelin Mortgage Investment Corp. (NYSE: JMI) announced that it was being acquired by Armour Residential REIT, Inc. (NYSE: ARR) for $7.14 per share. While the offer price represents a 19% premium to the company's stock price prior to the announcement of the deal, the offer price is significantly less than Javelin's 52-week high of $8.98 per share, less than its book value, and otherwise low when compared with other comparable transactions.
ARR: 20.45 (-0.15), JMI: 7.18 (+0.01)
JAVELIN Mortgage Investment Corp. Announces February 2016 Dividend Rate Per Common Share
GlobeNewswire - Thu Jan 28, 5:05AM CST
JAVELIN Mortgage Investment Corp. (NYSE:JMI) ("JAVELIN" or the "Company"
today announced the February 2016 cash dividend rate for the Company's Common Stock. JMI: 7.18 (+0.01)
JAVELIN Mortgage Investment Corp. Confirms January 2016 Dividend Rate Per Common Share
GlobeNewswire - Mon Jan 04, 5:00AM CST
JAVELIN Mortgage Investment Corp. (NYSE:JMI) ("JAVELIN" or the "Company"
today confirmed the January 2016 cash dividend rate for the Company's Common Stock. JMI: 7.18 (+0.01)
JAVELIN Mortgage Investment Corp. Announces Expected January 2016 Dividend Rate Per Common Share
GlobeNewswire - Wed Dec 23, 3:15PM CST
JAVELIN Mortgage Investment Corp. (NYSE:JMI) ("JAVELIN" or the "Company"
today announced the January 2016 expected cash dividend rate for the Company's Common Stock. JMI: 7.18 (+0.01)
Wolverine Asset Management Delivers Letter to Board of Directors of JAVELIN Mortgage Investment Corp.
PR Newswire - Tue Dec 15, 9:55AM CST
Wolverine Asset Management, LLC ("WAM"
, the manager for Wolverine Flagship Fund Trading Limited, a multi-strategy private investment fund with approximately $1.6 billion in assets under management, and one of the largest shareholders of JAVELIN Mortgage Investment Corp. (NYSE: JMI) ("JAVELIN" or the "Company" with beneficial ownership of approximately 5.1% of the Company's outstanding shares, today announced that it has sent a letter to the JAVELIN Board of Directors (the "Board", the full text of which is below. JMI: 7.18 (+0.01)
JAVELIN Mortgage Investment Corp. Announces $2.1 Million Expense Reductions and Expanded 2 Million Share Repurchase Program
GlobeNewswire - Mon Dec 14, 6:45AM CST
JAVELIN Mortgage Investment Corp. (NYSE:JMI) ("JAVELIN" or the "Company"
announced two measures to reduce expenses, and also approved an expansion of the Company's share repurchase plan. The expense reduction measures are expected to reduce costs by approximately $2.1 million annually. JMI: 7.18 (+0.01)
