BALA CYNWYD, Pa., Feb. 10, 2012 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Heartland Bancshares, Inc. ("Heartland" or the "Company") (OTCBB: HRTB) relating to the proposed acquisition by Horizon Bancorp ("Horizon").

Under the terms of the transaction, Heartland shareholders would receive 0.54 of Horizon common stock for each share of Heartland stock they own. The transaction values Heartland at approximately $9.72 per share. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Heartland for not acting in the Company's shareholders' best interests in connection with the sale process to Horizon.

If you own shares of Heartland stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions.  You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at investorrelations@brodsky-smith.com, visiting http://brodsky-smith.com/384-hrtb.ob-heartland-bancshares-inc.html, or by calling toll free 877-LEGAL-90.

 

 

 

 

SOURCE Brodsky & Smith, LLC

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