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Home BancShares, Inc.

Merger

  • Date:
  • 9/28/2021
  • Company Name:
  • Home BancShares, Inc.
  • Stock Symbol:
  • HOMB
  • Company Name - Buyer:
  • Happy Bancshares, Inc.
  • Status:
  • Investigating
  • Merger Announcement Date:
  • 9/28/2021

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NEW YORK, September 28, 2021 – Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the officers or directors of Home BancShares, Inc. (NASDAQ: HOMB) breached their fiduciary duties or violated the federal securities laws in connection with the company’s acquisition of Happy Bancshares, Inc.

On September 28, 2021, Home BancShares announced that it had entered into an agreement to acquire Happy Bancshares in a transaction valued at approximately $919 million.  Pursuant to the merger agreement, Happy Bancshares stockholders will receive 2.17 shares of Home BancShares common stock for each share of Happy Bancshares common stock owned.  The deal is scheduled to close in the first quarter of 2022.

Bragar Eagel & Squire is concerned that Home BancShares’ board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement.  Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Home BancShares’ stockholders.
 
The individual or institution below (“Plaintiff”) has reviewed and agrees to the Bragar Eagel & Squire, P.C. (“BESPC”) retainer agreement and authorizes BESPC to prosecute an action on Plaintiff’s behalf under the federal securities laws or applicable state laws to recover damages on behalf of investors in Home BancShares. BESPC will prosecute the action on a full contingency basis and will forward all costs and expenses.
 

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