NEW ORLEANS–(BUSINESS WIRE) – Former Louisiana Attorney General Charles C. Foti, Jr., Esq. and the law firm Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Capstead Mortgage Corporation (NYSE: CMO) to Benefit Street Partners Realty Trust, Inc. Under the terms of the proposed transaction, shareholders of Capstead will receive a cash payment a premium of 15.75% on the diluted book value of Capstead per share and Benefit Street common stock, calculated on an adjusted book-for-book basis. The carrying amounts for Capstead and Benefit Street, which will be used to calculate the cash consideration and the exchange ratio, will be determined at a time prior to the closing of the transaction. KSF tries to determine whether this consideration and the related process are appropriate. or whether the consideration is undervaluing the company.
If you believe this transaction is undervaluing the company and / or you would like to discuss your legal rights in relation to the intended sale, you can email or call KSF Managing Partner Lewis S. Kahn without obligation and at no cost to you ([email protected]) toll free anytime at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nyse-cmo/ to learn more.
To learn more about KSF, a partner of which the former Louisiana Attorney General is a partner, visit www.ksfcounsel.com.