WILMINGTON, Del., Dec. 12, 2014 /PRNewswire/ -- Rigrodsky &
Long, P.A.:
- Do you own shares of Heritage Financial Group, Inc. (NASDAQ
GS: HBOS)?
- Did you purchase any of your shares prior to December 10, 2014?
- Do you think the proposed buyout value is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Heritage
Financial Group, Inc. ("Heritage" or the "Company") (NASDAQ GS:
HBOS) regarding possible breaches of fiduciary duties and other
violations of law related to the Company's entry into an agreement
to be acquired by Renasant Corporation ("Renasant") (NASDAQ GS:
RNST), in a transaction valued at approximately $258 million.
Click here to learn more:
http://www.rigrodskylong.com/investigations/heritage-financial-group-inc-hbos.
Under the terms of the agreement, shareholders of Heritage will
receive 0.9266 shares of Renasant common stock for each share of
Heritage common stock. Based on Renasant's closing stock
price on December 9, 2014, Heritage
shareholders would have received consideration valued at
approximately $27.58 per
share.
The investigation concerns whether Heritage's board of directors
failed to adequately shop the Company and obtain the best possible
value for Heritage's shareholders before entering into an agreement
with Renasant.
If you own the common stock of Heritage and purchased your
shares before December 10, 2014, if
you have information or would like to learn more about these
claims, or if you wish to discuss these matters or have any
questions concerning this announcement or your rights or interests
with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2
Righter Parkway, Suite 120, Wilmington,
DE 19803, by telephone at (888) 969-4242; by e-mail to
info@rl-legal.com, or at:
http://www.rigrodskylong.com/investigations/heritage-financial-group-inc-hbos.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes
securities class, derivative and direct actions, shareholder rights
litigation and corporate governance litigation, on behalf of
shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a
similar outcome.
CONTACT:
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/heritage-financial-group-inc-shareholder-alert-rigrodsky--long-pa-announces-investigation-of-buyout-300009121.html
SOURCE Rigrodsky & Long, P.A.