Wolf Popper LLP Investigates Claims that the Proposed Acquisition of Home Properties, Inc. May Not Be in the Best Interests of Its Public Shareholders
NEW YORK, June 22, 2015 /PRNewswire/ -- Wolf Popper LLP is investigating claims on behalf of investors in Home Properties, Inc. ("Home Properties") (NYSE: HME), concerning the proposed acquisition of Home Properties by private equity firm Lone Star Funds. Home Properties shareholders seeking more information about this proposed transaction can contact Carl Stine at (212) 759-4600 or [email protected].
Under the terms of the merger agreement, Home Properties shareholders will receive $75.23 per share, which is only a 3.4% premium to Friday's close and below the 52-week high of $77.14 per share. Accordingly, the investigation concerns whether the board of directors of Home Properties breached their fiduciary duties by agreeing to a price that unfairly undervalues Home Properties.
Wolf Popper LLP has extensive experience representing investors in mergers and acquisition lawsuits and has successfully ensured that investors receive the maximum compensation. Twelve Wolf Popper attorneys were named Rising Stars or Super Lawyers in the 2014 Super Lawyers New York City Metro Edition, including Wolf Popper partner Carl Stine, who was included in the Super Lawyers Top 100 List for the New York City Metro area. View Wolf Popper attorney biographies at www.wolfpopper.com.
Attorney Advertising: Prior Results Do Not Guarantee A Similar Outcome.
Wolf Popper LLP
845 Third Avenue
New York, New York 10022
Telephone: 212-759-4600
Toll Free Tel: 877-370-7703
Toll Free Fax: 877-370-7704
Email: [email protected]
SOURCE Wolf Popper LLP
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