NEW YORK, Jan. 23, 2014 /PRNewswire/ -- Pomerantz LLP
is investigating claims on behalf of investors of Jefferson
Bancshares, Inc. ("Jefferson" or
the "Company") (NASDAQ: JFBI) (ISIN: US4723751040) (CUSIP:
472375104) concerning the proposed acquisition of Jefferson by HomeTrust Bancshares, Inc.
("HomeTrust").
The investigation concerns whether the Jefferson directors are breaching their
fiduciary duties by failing to adequately shop the Company and
maximize shareholder value. Under the terms of the agreement,
Jefferson shareholders will
receive a total of $8.00 per share in
merger consideration consisting of $4.00 per share in cash plus $4.00 in HomeTrust common stock for each share of
Jefferson common stock.
However, the Price to Book Value and Total Assets multiples are
below the average of comparable transactions. Moreover, the
President and Chief Executive Officer of Jefferson will continue with the new company
after the merger.
Jefferson shareholders seeking
more information about this acquisition are advised to contact
Robert Willoughby at
rswilloughby@pomlaw.com or 212-661-1100 or 888-476-6529, ext.
237.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and San
Diego, is acknowledged as one of the premier firms in the
areas of corporate, securities, and antitrust class litigation.
Founded by the late Abraham L.
Pomerantz, known as the dean of the class action bar, the
Pomerantz Firm pioneered the field of securities class actions.
Today, more than 75 years later, the Pomerantz Firm continues in
the tradition he established, fighting for the rights of the
victims of securities fraud, breaches of fiduciary duty, and
corporate misconduct. The Firm has recovered numerous
multimillion-dollar damages awards on behalf of defrauded
investors. See www.pomerantzlaw.com.
CONTACT:
Robert
Willoughby
Pomerantz LLP
212-661-1100 ext. 237
rswilloughby@pomlaw.com
SOURCE Pomerantz LLP