Ready Capital Corporation
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RC STOCK ALERT: HALPER SADEH LLC IS INVESTIGATING WHETHER THE MERGER OF READY CAPITAL CORPORATION IS FAIR TO SHAREHOLDERS
February 27, 2023.
New York, New York—Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Ready Capital Corporation (NYSE: RC) and Broadmark Realty Capital Inc. is fair to Ready Capital shareholders. Under the terms of the merger agreement, each share of Broadmark common stock will be converted into 0.47233 shares of Ready Capital common stock. Upon closing of the merger, Ready Capital stockholders are expected to own approximately 64% of the combined company’s stock.
The investigation concerns whether Ready Capital and its board violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Ready Capital shareholders; and (2) disclose all material information necessary for Ready Capital shareholders to adequately assess and value the merger consideration. On behalf of Ready Capital shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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