Cases
HomeFed Corporation (HOFD)
Merger
Overview
Overview
- Date:
- 4/16/2019
- Company Name:
- HomeFed Corporation
- Stock Symbol:
- HOFD
- Company Name - Buyer:
- Jefferies Financial Group Inc.
- Stock Symbol - Buyer:
- JEF
- Status:
- Closed/Complete
- Merger Announcement Date:
- 4/15/2019
NEW YORK, April 16, 2019 – Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of HomeFed Corporation (Other OTC: HOFD) on behalf of stockholders concerning the proposed acquisition of the company by Jefferies Financial Group Inc. (NYSE: JEF).
Pursuant to the proposed transaction, announced on April 15, 2019 and valued at $189 million, HomeFed stockholders will receive $38.00 in cash for each share of HomeFed common stock owned. The investigation focuses on whether HomeFed and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
If you own HomeFed shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 308-1869, or by filling out the contact form below. There is no cost or obligation to you.
Pursuant to the proposed transaction, announced on April 15, 2019 and valued at $189 million, HomeFed stockholders will receive $38.00 in cash for each share of HomeFed common stock owned. The investigation focuses on whether HomeFed and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
If you own HomeFed shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 308-1869, or by filling out the contact form below. There is no cost or obligation to you.