Hunter Maritime Acquisition Corp. (HMAC) : Extension of Tender Offer

Hunter Maritime Acquisition Corp. Announces Extension of Tender Offer to Purchase up to 8,233,100 of its Class A Common Shares-Tender Offer, as extended, will Expire at 5:00 p.m. New York City Time on June 2, 2017, Unless Extended or Earlier Terminated

May 25, 2017 – Hunter Maritime Acquisition Corp. (Nasdaq: HUNT) (the “Company”) today announced that its previously announced tender offer, as amended, (the “Tender Offer”) to purchase up to 8,233,100 of its Class A common shares, par value $0.0001 per share, at a purchase price of $10.00 per Class A common share has been extended until 5:00 p.m. New York City time on June 2, 2017, unless extended or earlier terminated by the Company (the “Expiration Date”).

The Class A common shares are currently listed on the Nasdaq Capital Market under the symbol “HUNT.” The last reported trading price of the Company’s Class A common shares on the Nasdaq Capital Market on May 25, 2017 was $9.80 per share. As of May 25, 2017, 4,432,303 Class A common shares have been validly tendered pursuant to the Tender Offer and not properly withdrawn.

Only Class A common shares validly tendered prior to the Expiration Date, and not properly withdrawn, will be purchased by the Company pursuant to the Tender Offer. The Company’s obligation to purchase Class A common shares pursuant to the Tender Offer is subject to the satisfaction of certain conditions.  There will be no proration in the event more than 8,233,100 Class A common shares are validly tendered and not properly withdrawn.  Class A common shares tendered pursuant to the Tender Offer but not purchased by the Company in the Tender Offer will be returned at the Company’s expense promptly following the expiration of the Tender Offer.

The Tender Offer is being made in connection with the Company’s previously announced proposed acquisition of five identified Capesize dry bulk carriers, for an aggregate purchase price of $139.4 million in cash, in an en-bloc transaction, subject to the satisfaction of certain important conditions precedent (the “Acquisition”). The Tender Offer is being made pursuant to the Company’s organizational documents to provide the Company’s public shareholders with an opportunity to redeem their Class A common shares for a pro rata portion of the trust account (the “Trust Account”) established to hold the proceeds of the Company’s initial public offering consummated on November 23, 2016. The Company intends to fund the purchase of Class A common shares in the Tender Offer with cash available to the Company from the Trust Account.

The Company’s board of directors recommends that existing shareholders not tender their Class A common shares after they review the Offer to Purchase, contained in the Company’s tender offer statement on Schedule TO, as amended, which has been filed with the U.S. Securities and Exchange Commission (the “SEC”) and which has been distributed to shareholders.

About Hunter Maritime Acquisition Corp.

Hunter Maritime Acquisition Corp. is a blank check company, also commonly referred to as a Special Purpose Acquisition Company, or SPAC, formed for the purpose of acquiring, through a merger, capital stock exchange, asset acquisition, debt acquisition, stock purchase, reorganization or other similar business combination, vessels, vessel contracts (including contracts for the purchase and charter-in of vessels) or one or more operating businesses, which the Company intends to be in the international maritime shipping industry.

Important Legal Information

This announcement is for informational purposes only and does not constitute an offer to purchase nor a solicitation of an offer to sell securities of the Company. The Company has filed a tender offer statement on Schedule TO containing an offer to purchase, form of letter of transmittal and other documents relating to the Tender Offer, as such documents have been or may be amended from time to time. These documents contain important information about the Tender Offer that should be read carefully and considered before any decision is made with respect to the Tender Offer. These materials have been and will be made available to the shareholders of the Company at no expense to them. In addition, such materials (and all other documents filed by the Company with SEC are, and will be, available at no charge from the SEC through its website at www.sec.gov. Shareholders may also obtain free copies of the documents filed with the SEC by the Company by directing a request to Morrow Sodali LLC, as Information Agent for the Tender Offer, by telephone at: (800) 662-5200 or by email at: HUNT.info@morrowsodali.com. Shareholders of the Company are urged to read the Tender Offer documents and other relevant materials before making any investment decision with respect to the Tender Offer because they contain important information about the Tender Offer and the Acquisition described herein.
This press release contains “forward looking statements.” Statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” “projects,” “forecasts,” “may,” “should” and similar expressions are forward looking statements. These statements are not historical facts but instead represent only the Company’s belief regarding future results, many of which, by their nature are inherently uncertain and outside of the Company’s control. Actual results may differ, possibly materially, from those anticipated in these forward looking statements. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contact Information

Hunter Maritime Acquisition Corp.
Ludovic SAVERYS
Chief Financial Officer
Tel: +32 3 – 247 59 10
E-mail: ludovic.saverys@cmb.be

LAWSUIT ALERT – Andrews & Springer LLC Announces That A Securities Class Action Has Been Filed Against AdvancePierre Foods Holdings, Inc. – APFH

WILMINGTON, Del., May 25, 2017 (GLOBE NEWSWIRE) — Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, announces that a securities class action lawsuit has been filed by another law firm on behalf of shareholders of AdvancePierre Foods Holdings, Inc. (NYSE:APFH) (“AdvancePierre” or the “Company”) for possible corporate misconduct and violations of securities laws.

A copy of the complaint is available from the Court or from Andrews & Springer LLC. If you currently own shares of AdvancePierre and want to receive additional information and protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-investigations/advancepierre-foods-class-action-investigation/ or contact Craig J. Springer, Esq. at cspringer@andrewsspringer.com, or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook – www.facebook.com/AndrewsSpringer for future updates.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. 

On April 25, 2017, Tyson Foods, Inc. (“Tyson Foods”) and AdvancePierre announced the signing of a definitive merger agreement pursuant to which Tyson Foods will acquire AdvancePierre Foods in a merger, via a tender offer worth $4.2 billion. As a result of the merger, AdvancePierre Foods’ shareholders are only anticipated to receive $40.25 per share in cash in exchange for each share of AdvancePierre Foods.

An AdvancePierre shareholder represented by another law firm has filed a class action complaint against AdvancePierre for federal securities violations.  The complaint was filed in the United States District Court, Southern District of Ohio, Case No. 1:17-cv-00333-TSB.

According to the lawsuit, on May 9 2017, defendants filed a Solicitation / Recommendation Statement (the “Solicitation Statement”) with the United States Securities and Exchange Commission (“SEC”) in connection with the merger.

The Solicitation Statement omits material information with respect to the Proposed Transaction, which renders the Solicitation Statement false and misleading. Accordingly, plaintiff alleges herein that defendants violated Sections 14(e), 14(d), and 20(a) of the Securities Exchange Act of 1934 (the “1934 Act”) in connection with the Solicitation Statement, and that the close of the tender offer should be enjoined until defendants disclose the material information.

If you currently own shares of AdvancePierre and want to receive additional information and protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-investigations/advancepierre-foods-class-action-investigation/ or contact Craig J. Springer, Esq. at cspringer@andrewsspringer.com, or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook – www.facebook.com/AndrewsSpringer for future updates. 

Andrews & Springer is a boutique securities class action law firm representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty or corporate misconduct. Having formerly defended some of the largest financial institutions in the world, our founding members use their valuable knowledge, experience, and superior skill for the sole purpose of achieving positive results for investors. These traits are the hallmarks of our innovative approach to each case our Firm decides to prosecute. For more information please visit our website at www.andrewsspringer.com. This notice may constitute Attorney Advertising.

Contact: 
Craig J. Springer, Esq.
cspringer@andrewsspringer.com
Toll Free: 1-800-423-6013

INVESTOR ALERT: Lundin Law PC Announces a Securities Class Action Lawsuit against Citizens Financial Group, Inc. and Reminds Investors with Losses to Contact the Firm

LOS ANGELES, May 25, 2017 (GLOBE NEWSWIRE) — Lundin Law PC , a shareholder rights firm, announces a class action lawsuit against Citizens Financial Group, Inc. (“Citizens Financial” or the “Company”) (NYSE:CFG) for possible violations of federal securities laws. Investors who purchased shares between March 18, 2016 and March 29, 2017 inclusive (the “Class Period”), should contact the firm prior to the June 26, 2017 lead plaintiff motion deadline.

To participate in this class action lawsuit, click here.

You can also call Brian Lundin, Esq., of Lundin Law PC, at 888-713-1033, or you can e-mail him at brian@lundinlawpc.com.

No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.

According to the Complaint, during the Class Period, Citizens Financial made false and/or misleading statements and/or failed to disclose: that its employees were falsifying information related to the Citizens Checkup program; that the Company’s reported Citizens Checkup figures were exaggerated; and that as a result of the above, Citizens Financial’s statements about its business, operations and prospects, were false and misleading and/or lacked a reasonable basis at all relevant times. On March 29, 2017, the Wall Street Journal reported that certain Citizens Financial employees acknowledged that Company employees faked “financial checkup” meetings with customers. The Company stated that the “Citizens Checkup” program resulted in 400,000 scheduled appointments in 2016, but the report stated that former employees said they falsified information due to the Company’s pressure to meet certain program expectations. Following this news, Citizen Financial’s stock price dropped materially, which harmed investors according to the Complaint.

Lundin Law PC was established by Brian Lundin, Esq., a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.

This press release may be considered Attorney Advertising in certain jurisdictions under the applicable law and ethical rules.

Contact:
Lundin Law PC
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile: 888-713-1125
brian@lundinlawpc.com
http://lundinlawpc.com/

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