|[November 13, 2012]
Crexus Investment Corp. Board of Directors Under Investigation for Potential Breaches of Fiduciary Duty by Glancy Binkow & Goldberg LLP
LOS ANGELES --(Business Wire)--
Glancy Binkow & Goldberg LLP announces that it is investigating
potential claims against the Board of Directors of Crexus Investment
Corp. ("Crexus" or the "Company") (NYSE: CXS) related to the proposed
acquisition of the Company by Annaly Capital Management. The transaction
is valued at approximately $839 million or $12.50 per share.
This investigation concerns the Board of Directors' process for
consideration of the proposed acquisition, and whether Crexus is acting
in its shareholders' best interests. The Company has seen substantial
recent growth. Further,at least one analyst has set a target price for
the Company's stock at $13.00 per share.
If you are a shareholder of Crexus, if you have information or would
like to learn
more about our investigation, or if you wish to discuss these
matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact Louis
Boyarsky, Esquire, Glancy Binkow & Goldberg LLP, 1925 Century Park East,
Suite 2100, Los Angeles, CA (News - Alert) 90067, by telephone at (310) 201-9150 or
Toll Free at (888) 773-9224 or by email to email@example.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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