Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of HF Financial Corp (NASDAQ: HFFC) acted responsibly on behalf of investors’ profitability in the planned $139.5 million sale to Great Western Bancorp (NYSE: GWB).
On November 30, 2015, HF Financial Corp (NASDAQ: HFFC) and Great Western Bancorp (NYSE: GWB) announced that they had entered into a merger agreement. Under the terms of the agreement HF Financial Corp stockholders can elect to receive either 0.6500 shares of Great Western Bancorp common stock or $19.50 in cash for each HF Financial Corp common share.
Based in Sioux Falls, South Dakota, and founded in 1929 HF Financial Corp operates as the holding company for Home Federal Bank that provides commercial and consumer financial services.
The investigation is looking to uncover whether HF Financial Corp was undervalued at the cost of the shareholders considering one analyst’s opinion of their stock is valued at $ 22.00 per share.
If you purchased HF Financial Corp (NASDAQ: HFFC) prior to November 30, 2015, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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