An investigation on behalf of investors of HFF, Inc. (NYSE: HF) in connection with the proposed takeover was announced and NYSE: HF stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 03/26/2019 -- An investigation was announced on behalf of investors, who currently hold shares of HFF, Inc. (NYSE: HF), was announced concerning whether the takeover of HFF, Inc. is unfair to NYSE: HF stockholders.
Investors who purchased shares of HFF, Inc. (NYSE: HF) and currently hold any of those NYSE: HF shares have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain directors of NYSE: HF breached their fiduciary duties owed to HFF, Inc. investors in connection with the proposed acquisition.
Dallas, TX based HFF, Inc. provides commercial real estate and capital market services to the consumers and providers of capital in the commercial real estate industry in the United States. On March 19, 2019, Jones Lang LaSalle Incorporated (NYSE: JLL) and HFF, Inc. (NYSE: HF) announced that they have entered into an agreement under which Jones Lang LaSalle Incorporated will acquire all the outstanding shares of HFF, Inc in a cash and stock transaction with an equity value of approximately $2 billion. Under the terms of the agreement, HFF, Inc shareholders will receive $24.63 in cash and 0.1505 Jones Lang LaSalle Incorporated shares for each HFF share. Based on the closing price of Jones Lang LaSalle Incorporated stock of $163.02 on March 18, 2019, the cash and stock consideration to be received by HFF, Inc shareholders at closing is valued at $49.16 per HFF share.
However, the investigation concerns whether the offer is unfair to NYSE: HF stockholders. More specifically, the investigation concerns whether the HFF, Inc. Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
Shares of HFF, Inc. (NYSE: HF) closed on March 25, 2019 at $47.20 per share.
Those who are current investors in HFF, Inc. (NYSE: HF) shares have certain options and should contact the Shareholders Foundation.
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About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.