NEW YORK--(EON: Enhanced Online News)--Kirby McInerney LLP is investigating potential claims against the Board of Directors of Home Federal Bancorp, Inc. (“Home Federal” or the “Company”) (NASDAQ: HOME), the holding company for Home Federal Bank, concerning the proposed acquisition of the Company by Cascade Bancorp (“Cascade”), the holding company for Bank of the Cascades. Under the terms of the proposed transaction, Home Federal stockholders and option holders in total will receive $120.8 million in cash and 24,309,066 shares of Cascade common stock, both subject to adjustments, valuing the transaction at approximately $265.7 million.
The investigation concerns whether Home Federal’s Board of Directors violated its fiduciary duties by agreeing to this transaction and whether the proposed compensation consideration adequately values Home Federal’s common stock.
If you are a Home Federal stockholder and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at firstname.lastname@example.org, by telephone at (212) 699-1145 or (888) 529-4787, or by filling out this contact form.
Kirby McInerney LLP is a New York-based law firm concentrating in securities, stockholder, whistleblower, antitrust and consumer litigation. For additional information, please go to www.kmllp.com.