Harwood Feffer LLP Announces Investigation of Washington Banking Co.

Oct 24, 2013, 21:55 ET from Harwood Feffer LLP

NEW YORK, Oct. 24, 2013 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Washington Banking Co. ("WBCO" or the "Company") (NASDAQ: WBCO) concerning the proposed acquisition of the Company by Heritage Financial Corporation ("Heritage").    

(Logo: http://photos.prnewswire.com/prnh/20120215/MM54604LOGO )

On October 24, 2013, WBCO announced that it had entered into a definitive agreement pursuant to which the Company will be acquired by Heritage.  Under the terms of the agreement, WBCO shareholders will receive $2.75 in cash and 0.89 shares of Heritage per share of WBCO owned.

Our investigation concerns whether the WBCO 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 WBCO 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: bsachsmichaels@hfesq.com 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.

Attorney Advertising © 2013 Harwood Feffer LLP. The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.

SOURCE Harwood Feffer LLP