SHAREHOLDER ALERT: Law Office of Brodsky & Smith, LLC Announces Investigation of Jefferson Bancshares, Inc.
January 29 2014 - 6:48PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Jefferson Bancshares, Inc. (“Jefferson” or the “Company”) (Nasdaq:
JFBI) relating to the proposed acquisition by HomeTrust Bancshares,
Inc. (“HomeTrust”).
Click here to learn more about the investigation
http://brodsky-smith.com/712-jfbi-jefferson-bancshares-inc.html, or
call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Jefferson shareholders will
receive only $4.00 per share in cash and $4.00 in HomeTrust stock
for each share of Jefferson stock they own. The investigation
concerns possible breaches of fiduciary duty and other violations
of state law by the Board of Directors of Jefferson for not acting
in the Company’s shareholders' best interests in connection with
the sale process. The investigation seeks to determine if the
Jefferson Board of Directors failed to conduct an adequate auction
process and if HomeTrust is underpaying for Jefferson. The total
aggregate transaction consideration is only $51.2 million and
Jefferson has approximately $498 million in combined assets.
If you own shares of Jefferson common stock and wish to discuss
the legal ramifications of the proposed transaction, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or
Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza,
Suite 602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, by visiting
http://brodsky-smith.com/712-jfbi-jefferson-bancshares-inc.html, or
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and case action lawsuits. The attorneys at Brodsky &
Smith have been appointed by numerous courts throughout the country
to serve as lead counsel in class actions and successfully
recovered millions of dollars for our clients and shareholders.
Attorney advertising. Prior results do not guarantee a similar
outcome.
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90investorrelations@brodsky-smith.comhttp://brodsky-smith.com/712-jfbi-jefferson-bancshares-inc.html
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