Home Properties, Inc. (NYSE:HME) Shareholder Notice: Lawsuit Against Takeover
An investor who currently holds shares of Home Properties, Inc. (NYSE:HME), filed a lawsuit in effort to halt the proposed takeover of Home Properties, Inc. by an affiliate of Lone Star Funds for $75.23 per share. The plaintiff alleges that the defendants breached their fiduciary duties owed to NYSE:HME stockholders by agreeing to sell Home Properties, Inc. too cheaply via an unfair process to an affiliate of Lone Star Funds.
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