SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation of Owens Realty Mortgage, Inc. Merger
WILMINGTON, Del.--(BUSINESS WIRE)--Dec 18, 2018--Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors (the “Board”) of Owens Realty Mortgage, Inc. (“Owens Realty Mortgage” or the “Company”) (NYSE AMERICAN: ORM ) related to the Company’s entry into an agreement to merge with Ready Capital Corporation (“Ready Capital”) (NYSE: RC ) in a transaction announced on November 7, 2018 (the “Proposed Transaction”).
On November 7, 2018, the Board caused Owens Realty Mortgage to enter into an agreement and plan of merger (the “Merger Agreement”) with Ready Capital. Pursuant to the terms of the Merger Agreement, shareholders of Owens Realty Mortgage will receive 1.441 shares of Ready Capital common stock for each share of Owens Realty Mortgage common stock.
On December 13, 2018, Ready Capital filed a Form S-4 Registration Statement (“Registration Statement”) with the United States Securities and Exchange Commission (“SEC”) in connection with the Proposed Transaction, which recommends that Owens Realty Mortgage’s shareholders vote in favor of the Proposed Transaction. Rigrodsky & Long, P.A. is investigating possible violations of law related to the Registration Statement, including whether the Registration Statement omits material information with respect to the Proposed Transaction.
If you own common stock of Owens Realty Mortgage and purchased any shares before November 7, 2018, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra toll-free at (888) 969-4242, by e-mail at email@example.com, or at https://www.rigrodskylong.com/offices-contact.
Rigrodsky & Long, P.A., with offices in Delaware, New York, and California, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in numerous cases nationwide, including federal securities fraud actions, shareholder class actions, and shareholder derivative actions.
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CONTACT: Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
Fax: (302) 654-7530
KEYWORD: UNITED STATES NORTH AMERICA DELAWARE NEW YORK
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: Rigrodsky & Long, P.A.
Copyright Business Wire 2018.
PUB: 12/18/2018 01:04 PM/DISC: 12/18/2018 01:03 PM