NEW YORK, March 28, 2017 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Stonegate Bank ("Stonegate" or the "Company") (NASDAQ: SGBK) concerning the proposed acquisition of the Company by Home BancShares, Inc. ("Home Bancshares").
Under the terms of the offer, Home Bancshares would acquire Stonegate in a transaction valued at approximately $778 million. Pursuant to the terms of the transaction, shareholders of Stonegate will receive proceeds from the transaction of approximately $749.8 million.
Our investigation concerns whether the Stonegate 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 stockholders.
If you own Stonegate 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:
Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Follow us on Twitter: @HarwoodFeffer
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.
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SOURCE Harwood Feffer LLP