NEW YORK, Sept. 25, 2013 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Home Federal Bancorp, Inc. ("Home Federal" or the "Company") (NASDAQ: HOME) concerning the proposed acquisition of the Company by Banner Corp ("Banner").
On September 24, 2013, Home Federal announced that it had entered into a definitive agreement pursuant to which the Company will be acquired by Banner. Under the terms of the agreement, Home Federal shareholders will receive $87.6 million in cash and 2,904,000 shares of Banner common stock, subject to certain price collars.
Our investigation concerns whether the Home Federal board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company shareholders.
If you own Home Federal shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Benjamin I. Sachs-Michaels, Esq. Robert I. Harwood, Esq. Harwood Feffer LLP 488 Madison Avenue New York, New York 10022 Phone Numbers: (877) 935-7400 (212)935-7400 Email: [email protected] Website: http://www.hfesq.com
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.