BALA CYNWYD, Pa., June 26, 2015 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Home Properties,
Inc. ("Home Properties" or "the Company") (NYSE - HME-News) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to an affiliate of
the Lone Star Funds ("Lone
Star").
Click here to learn more about the investigation
http://brodsky-smith.com/958-hme-home-properties-inc.html, or
call:877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Home Properties shareholders
will receive either $75.23 in cash
for each Home Properties share they own. The investigation concerns
whether the Board of Home Properties breached their fiduciary
duties to shareholders and whether Lone
Star is underpaying for Home Properties. The transaction may
undervalue Home Properties and will result in a loss or no real
gain for many Home Properties shareholders. For example, Home
Properties stock traded at $77.14 per
share as recently as May 15, 2015 and
an analyst has set a $79.00 per share
price target for Home Properties stock.
If you own shares of Home Properties stock and wish to discuss
the legal ramifications of the investigation, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 510, Bala
Cynwyd, PA 19004, by visiting
http://brodsky-smith.com/958-hme-home-properties-inc.html, or
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/shareholder-alert-brodsky--smith-llc-announces-investigation-of-the-board-of-directors-of-home-properties-inc---hme-300105534.html
SOURCE Brodsky & Smith, LLC