TMCnet News
EQUITY ALERT: The Rosen Law Firm Announces Investigation of Heritage Financial Group, Inc. Concerning its Proposed Sale to Renasant Corporation - HBOSThe Rosen Law Firm announces that it is investigating the Board of Directors of Heritage Financial Group, Inc. (NASDAQ: HBOS) for possible breaches of fiduciary duty and other violations of law by failing to adequately shop Heritage Financial Group to maximize shareholder value before agreeing to be acquired by Renasant Corporation (NASDAQ: RNST). If you would like to join the action, go to http://rosenlegal.com/cases-459.html or contact Phillip Kim or Kevin Chan, toll-free at 866-767-3653, or via e-mail at [email protected] or [email protected]. There is no cost or obligation to you. Under the terms of the proposed transaction, shareholders will receive 0.9266 shares of Renasant common stock for each share of Heritage Financial Group they own. This equates to approximtely $27.00 per Heritage Financial Group share based on Renasant's 20-day average closing price as of December 9, 2014. The proposed transaction is valued at approximately $258 million. The investigation relates to whether the proposal is fair to the public shareholders of Heritage Financial Group and whether Heritage Financial Group' Board breached its fiduciary duties in connection with the proposed sale. If you currently own shares of Heritage Financial Group and wish to obtain additional information, please visit the website at http://rosenlegal.com/cases-459.html. You may also contact Phillip Kim or Kevin Chan of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at [email protected] or [email protected]. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Attorney Advertising. Prior results do not guarantee a similar outcome. ------------------------------- Contact Information:
Phillip Kim, Esq.
|
