Robbins Arroyo LLP: Acquisition of EverBank Financial Corp. (EVER) by Teachers Insurance & Annuity Association May Not Be in Shareholders' Best Interests

Shareholder rights attorneys at Robbins Arroyo LLP are investigating the proposed acquisition of EverBank Financial Corp. (NYSE: EVER) by Teachers Insurance & Annuity Association. On August 8, 2016, the two companies announced the signing of a definitive merger agreement pursuant to which Teachers Insurance will acquire EverBank. Under the terms of the agreement, EverBank shareholders will receive $19.50 for each share of EverBank common stock.

View this information on the law firm's Shareholder Rights Blog: https://www.robbinsarroyo.com/shareholders-rights-blog/everbank-financial-corp/

Is the Proposed Acquisition Best for EverBank and Its Shareholders?

Robbins Arroyo LLP's investigation focuses on whether the board of directors at EverBank is undertaking a fair process to obtain maximum value and adequately compensate its shareholders.

The $19.50 merger consideration is significantly below the target prices of $22.00 set by an analyst at Maxim Group LLC on October 29, 2015 and $21.00 set by an analyst at Keefe, Bruyette & Woods on January 29, 2014. In the last three years, EverBank traded as high as $21.18 on October 23, 2015, and most recently traded above the merger consideration – at $20.05 – on October 28, 2015.

EverBank shareholders have the option to file a class action lawsuit to ensure the board of directors obtains the best possible price for shareholders and the disclosure of material information. EverBank shareholders interested in information about their rights and potential remedies can contact attorney Darnell R. Donahue at (800) 350-6003, ddonahue@robbinsarroyo.com, or via the shareholder information form on the firm's website.

Robbins Arroyo LLP is a nationally recognized leader in securities litigation and shareholder rights law. The law firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.

Attorney Advertising. Past results do not guarantee a similar outcome.

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