HOME LOAN SERVICING ALERT: Shareholder Rights Law Firm Johnson & Weaver, LLP Announces Investigation of Proposed Merger of Ho...
February 23 2015 - 8:33AM
Business Wire
Shareholder Rights Law Firm Johnson & Weaver, LLP is
investigating whether members of the board of directors of Home
Loan Servicing Solutions, Ltd. (NASDAQ: HLSS) “HLSS” breached their
fiduciary duties in connection with the planned merger of the
Company with New Residential Investment Corp. HLSS engages in the
acquisition of mortgage servicing assets.
On February 22, 2015, HLSS and New Residential announced that
they had entered into a definitive agreement. Under the terms of
the transaction, New Residential will acquire all of the
outstanding shares of HLSS for $18.25 per share in cash.
The investigation concerns whether the board members of HLSS
failed to satisfy their duties to the Company’s shareholders,
including whether the board adequately pursued alternatives to the
acquisition and whether the board obtained the best price possible
for the Company’s shares of common stock. One Wall Street
analyst has a $21.50 price target on HLSS stock which is more than
the $18.25 offer price. Earlier this year HLSS stock traded over
$23.00 per share.
If you are a HLSS shareholder and are interested in learning
more about the investigation or your legal rights and remedies,
please contact Jim Baker
(jimb@johnsonandweaver.com) by email or by phone
at 619-814-4471. If emailing, please include a phone number where
you can be reached.
About Johnson & Weaver,
LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder
rights law firm with offices in California, New York and Georgia.
The firm represents individual and institutional investors in
shareholder derivative and securities class action lawsuits. For
more information about the firm and its attorneys, please visit
http://www.johnsonandweaver.com. Attorney advertising. Past results
do not guarantee future outcomes.
Johnson & Weaver, LLPJim Baker,
619-814-4471jimb@johnsonandweaver.com
(MM) (NASDAQ:HLSS)
Historical Stock Chart
From May 2024 to Jun 2024
(MM) (NASDAQ:HLSS)
Historical Stock Chart
From Jun 2023 to Jun 2024