A lawsuit was filed for investors in shares of Home Properties, Inc. (NYSE:HME) ) in connection with the proposed takeover was announced and NYSE:HME stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 07/28/2015 --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.

Investors who purchased shares of Home Properties, Inc. (NYSE:HME) and currently hold any of those NYSE:HME shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.

On June 22, 2015, Home Properties, Inc. (NYSE:HME) announced that it has entered into an agreement to be acquired by an affiliate of Lone Star Funds, in a transaction valued at approximately $7.6 billion, including the assumption of existing debt. Under the terms of the Merger Agreement, Lone Star Funds will acquire all of the outstanding common stock of Home Properties for $75.23 per share in an all-cash transaction.

However, the plaintiff claims that the proposed consideration NYSE:HME shareholders will receive is grossly inadequate and undervalues Home Properties, Inc. Indeed, at least one analyst has set the high target price for NYSE:HME shares at $79.00 per share and NYSE:HME shares traded as recently as April 28, 2015, as high as $75.41 per share in the open market. Furthermore, Home Properties, Inc. reported that its annual Total Revenue rose from $522.25 million in 2011 to $671.91 million in 2014 and that its Net Income increased from $25.11 million 2011 to $92.45 million in 2014. Shares of Home Properties, Inc. (NYSE:HME) grew from $44.40 per share in July 2010 to as high as $75.41 per share in April 2015. In addition, the plaintiff claims that the process is also unfair to NYSE:HME stockholders.

Those who are current investors in Home Properties, Inc. (NYSE:HME) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com