Cases
EverBank Financial Corp. (NYSE : EVER)
Merger
Overview
Overview
- Date:
- 9/29/2016
- Company Name:
- EverBank Financial Corp.
- Stock Symbol:
- EVER
- Class Period:
- FROM 9/26/2016
- Status:
- Closed/Complete
- Court:
- U.S. District Court: Middle District of Florida
NEW YORK, September 29, 2016 – Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the United States District Court for the Florida Middle District Court on behalf of all persons or entities who held EverBank Financial Corp. (NYSE: EVER) securities on September 26, 2016 (the “Class Period”).
The complaint charges Everbank and its Board of Directors for their violations of Section 14(a) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 14a-9 in connection with the proposed merger between the Teachers Insurance and Annuity Association of America (“TIAA”) and Everbank.
Under the terms of the agreement, EverBank shareholders are anticipated to receive $19.50 in cash for each share of EverBank common stock held. The transaction may undervalue the Company and would result in no real gain or a loss for many EverBank shareholders, especially given that the Company’s 52-week high is $21.18.
If you held Everbank securities during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
The complaint charges Everbank and its Board of Directors for their violations of Section 14(a) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 14a-9 in connection with the proposed merger between the Teachers Insurance and Annuity Association of America (“TIAA”) and Everbank.
Under the terms of the agreement, EverBank shareholders are anticipated to receive $19.50 in cash for each share of EverBank common stock held. The transaction may undervalue the Company and would result in no real gain or a loss for many EverBank shareholders, especially given that the Company’s 52-week high is $21.18.
If you held Everbank securities during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.