WAYNE, Pa., Sept. 26, 2013 /PRNewswire/ -- Ryan & Maniskas, LLP is investigating potential claims against the board of directors of Home Federal Bancorp Inc. ("Home Federal" or the "Company") (NASDAQ: HOME) concerning possible breaches of fiduciary duty and other violations of law related to the Company's efforts to sell the Company to Banner Corporation in a transaction valued at approximately $197 million.
Under the terms of the transaction, Home Federal shareholders and option holders will receive $87.6 million in cash and Home stockholders will receive 2,904,000 shares of Banner common stock.
If you own shares of Home Federal and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign up online, visit: www.rmclasslaw.com/cases/home. You may also email Mr. Maniskas at firstname.lastname@example.org.
Our investigation concerns possible breaches of fiduciary duty and other violations of state law by Home Federal's Board of Directors for not acting in the Company's shareholders' best interests in connection with the sale process.
Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide. To learn more about the class action process, please visit: www.rmclasslaw.com.
SOURCE Ryan & Maniskas, LLP