Faruqi & Faruqi, LLP’s national practice focuses on complex civil litigation. The firm practices in the areas of Securities, Merger & Transactional, Shareholder Derivative, Antitrust, Consumer Class Action, and Wage & Hour litigation.
Monday, June 22, 2015
Faruqi & Faruqi Investigation: Home Properties, Inc.
Faruqi & Faruqi, LLP Announces the Investigation of Home Properties, Inc. (HME) Over the Proposed Sale of the Company to Lone Star Funds
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Home Properties, Inc. (“Home Properties” or the “Company”) (NYSE: HME) for potential breaches of fiduciary duties in connection with the sale of the Company to Lone Star Funds for approximately $7.6 billion. The Company’s stockholders will only receive $75.23 for each share of Company common stock they own in an all-cash transaction.
However, at least one analyst opinion sets the value of Home Properties’ shares at $79.00 per share. Furthermore, the share price for the Company is expected to continue climbing.
If you own common stock in Home Properties and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact F&F'sJuan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.