Finkelstein Thompson LLP Announces Investigation of Washington Banking Co. Buyout
24 Outubro 2013 - 4:02PM
Business Wire
The law firm of Finkelstein Thompson LLP is investigating
potential claims on behalf of shareholders of Washington Banking
Co. (Nasdaq: WBCO) (“Washington Banking” or “the Company”),
concerning the Company’s proposed acquisition by Heritage Financial
Corp. (Nasdaq: HFWA) (“Heritage”). Under the terms of the merger
agreement, Washington Banking’s shareholders will receive $2.75 in
cash and 0.89 shares of Heritage common stock for each share of
Washington Banking common stock they own. The stock offer
represents a consideration of $16.89 based on Heritage’s closing
price of $15.89 on Wednesday, October 23, 2013.
The investigation is focused on whether Washington Banking’s
Board of Directors breached its fiduciary duty in failing to
maximize consideration to shareholders, the potential unfairness of
the consideration to shareholders, the process by which the Board
considered the transaction, and potential conflicts of interest
among the Company’s Board members.
If you are interested in discussing your rights as a Washington
Banking shareholder, or have information relating to this
investigation, please contact Finkelstein Thompson’s Washington, DC
offices at (877) 337-1050 or (202) 337-8000, or by email at
contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering
outstanding representation to institutional and individual clients
in financial litigation, and has been appointed as lead or
co-counsel in dozens of shareholder class actions. Indeed, the firm
has served in leadership roles in cases that have recovered over $1
billion for investors and consumers.
To learn more about Finkelstein Thompson LLP, please visit our
website at www.finkelsteinthompson.com. Attorney advertising. Prior
results do not guarantee similar outcomes.
Finkelstein Thompson LLPRosalee B. C. Thomas(877) 337-1050
Washington Banking Company (MM) (NASDAQ:WBCO)
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