SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Home Properties, Inc. - HME
Jun 26, 2015, 06:35 ET
BALA CYNWYD, Pa., June 26, 2015 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Home Properties, Inc. ("Home Properties" or "the Company") (NYSE - HME-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to an affiliate of the Lone Star Funds ("Lone Star").
Click here to learn more about the investigation http://brodsky-smith.com/958-hme-home-properties-inc.html, or call:877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Home Properties shareholders will receive either $75.23 in cash for each Home Properties share they own. The investigation concerns whether the Board of Home Properties breached their fiduciary duties to shareholders and whether Lone Star is underpaying for Home Properties. The transaction may undervalue Home Properties and will result in a loss or no real gain for many Home Properties shareholders. For example, Home Properties stock traded at $77.14 per share as recently as May 15, 2015 and an analyst has set a $79.00 per share price target for Home Properties stock.
If you own shares of Home Properties stock and wish to discuss the legal ramifications of the investigation, 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 510, Bala Cynwyd, PA 19004, by visiting http://brodsky-smith.com/958-hme-home-properties-inc.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE Brodsky & Smith, LLC
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