NEW YORK--(BUSINESS WIRE)--The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased CYS Investments, Inc. (“CYS” or the “Company”) (NYSE:CYS) stock prior to April 26, 2018.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of CYS to Two Harbors Investment Corp. (NYSE: TWO). Under the terms of the transaction, CYS shareholders will receive a certain number of shares of Two Harbors for each share of CYS stock they own; the exchange ratio will be determined by dividing 96.75% of the CYS adjusted book value per share by 94.20% of the Two Harbors adjusted book value per share. Based on the adjusted book value of CYS and Two Harbors as of March 31, 2018, this represents a value of approximately 0.4872 shares of Two Harbors for each share of CYS stock, or the equivalent of $7.79 per share. To learn more about the action and your rights, go to:
or contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
The investigation concerns whether the Board of CYS breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Two Harbors Investment Corp. is underpaying for CYS shares, thus unlawfully harming CYS shareholders.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.