INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Washington Banking Company Over the Proposed Sale of the ...
24 Outubro 2013 - 1:51PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Washington Banking Company
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a
leading national securities firm headquartered in New York City, is
investigating the Board of Directors of Washington Banking Company
(“Washington Banking” or the “Company”) (WBCO) for potential
breaches of fiduciary duties in connection with their conduct
related to the sale of the Company to Heritage Financial
Corporation (HFWA) in a cash and stock deal valued at approximately
$265.1 million. Under the terms of the proposed transaction,
Washington Banking stockholders will receive 0.89000 shares of
Heritage common stock and $2.75 in cash for each share of
Washington Banking common stock they own. The consideration value
per share for Washington Banking was $16.89 based on the closing
price of Heritage common stock of $15.89 on October 23, 2013.
Request more information now by clicking here:
www.faruqilaw.com/WBCO. There is no cost or
obligation to you.
The investigation focuses on whether Washington Banking’s Board
of Directors breached their fiduciary duties to the Company’s
stockholders by failing to conduct an adequate and fair sales
process prior to agreeing to this proposed transaction, whether and
by how much this proposed transaction undervalues the Company to
the detriment of Washington Banking’s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Washington Banking Company and wish
to obtain additional information and protect your investments free
of charge, please visit us at www.faruqilaw.com/ WBCO or contact
Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Attorney Advertising. (C) 2013 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
Faruqi & Faruqi, LLP369 Lexington Avenue, 10th FloorNew
York, NY 10017Attn: Juan E. Monteverde,
Esq.jmonteverde@faruqilaw.comToll Free: 877-247-4292Phone:
212-983-9330
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