WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of FBR & Co. (“FBRC” or the “Company”) in connection with the proposed acquisition of the Company by B. Riley Financial Inc. (“B. Riley”). Under the terms of the agreement, FBRC shareholders will receive 0.671 of a share of B. Riley and a pre-closing cash dividend of $8.50 for each share they own, representing consideration of $18.90 based on B. Riley’s February 23, 2017 closing price.
WeissLaw is investigating whether FBRC’s Board acted to maximize shareholder value prior to entering into the agreement. Notably, the consideration is $1.58 lower than the Company’s 52-week high of $20.48. Additionally, the acquisition strengthens B. Riley’s position in the industry, making it the leading small cap investment bank and brokerage firm, a point highlighted by B. Riley’s Chairman and CEO when he expressed his confidence in the deal, stating that “[FBRC]’s leadership in investment banking and its sector coverage, combined with  our existing brokerage business, makes this a very powerful combination for our clients.”
Given these facts, WeissLaw is investigating the Board of Directors’ decision to sell FBRC and whether FBRC shareholders will obtain their fair and proportionate share of the Company’s continued success and future growth prospects. If you own FBRC shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin by telephone at (888) 593-4771 or by email at firstname.lastname@example.org.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at email@example.com or fill out the form on our website, http://www.weisslawllp.com/fbr-co/