NEW YORK, Nov. 4, 2013 /PRNewswire/ -- 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.
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
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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.
Contact:
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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