Investigation announced for Investors in Flagstar Bancorp, Inc. (NYSE: FBC) overTakeover

An investigation was announced concerning whether the takeover of Flagstar Bancorp, Inc. is unfair to NYSE: FBC stockholders.

Investors who purchased shares of Flagstar Bancorp, Inc. (NYSE: FBC) and currently hold any of those NYSE: FBC shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of Flagstar Bancorp, Inc. breached their fiduciary duties owed to NYSE: FBC investors in connection with the proposed acquisition.

Troy, MI based Flagstar Bancorp, Inc. operates as a savings and loan holding company for Flagstar Bank, FSB that provides commercial and consumer banking services to consumer, commercial, and government customers in the United States.

On April 26, 2021, New York Community Bancorp, Inc. (NYSE: NYCB) and Flagstar Bancorp, Inc. (NYSE: FBC) ("Flagstar"), jointly announced that they have entered into a merger agreement under which the two companies will combine in an all stock merger. Under terms of the agreement, Flagstar Bancorp, Inc. (NYSE: FBC) shareholders will receive 4.0151 shares of New York Community Bancorp, Inc. (NYSE: NYCB) common stock for each Flagstar Bancorp, Inc. (NYSE: FBC) share they own.
Based on a closing price of $11.99 per NYSE: NYCB on April 23, 2021, investors in Flagstar Bancorp, Inc. (NYSE: FBC) will receive a value of approximately $48.14 per NYSE: FBC share.

However, given that at least one analyst has set the high target price for NYSE: FBC at $60.00 per share, the investigation concerns whether the offer is unfair to NYSE: FBC stockholders. More specifically, the investigation concerns whether the Flagstar Bancorp Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Flagstar Bancorp, Inc reported that its annual Total Revenue rose from $981 million in 2019 to $1.68 billion in 2020, and that its Net Income increased from $218 million in 2019 to $538 million in 2020.

Shares of Flagstar Bancorp, Inc. (NYSE: FBC) closed on April 27, 2021, at $48.78 per share.

Those who are current investors in Flagstar Bancorp, Inc. (NYSE: FBC) shares have certain options and should contact the Shareholders Foundation.

Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.