NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky is investigating the Board of Directors of Jefferson Bancshares, Inc. (“Jefferson” or “the Company”) (Nasdaq:JFBI) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to HomeTrust Bancshares, Inc. (“HomeTrust”) (Nasdaq: HTBI).
Click here to learn more about the action http://zlk.9nl.com/jefferson-bancshares-jfbi, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Jefferson shareholders will receive $8.00 per share, comprised of $4.00 in cash and $4.00 in HomeTrust common stock. The exchange ratio is fixed at 0.2667 if the average closing price is equal or less than $15.00 per share. The investigation concerns whether the Jefferson Board breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether HomeTrust is underpaying for Jefferson shares.
If you own Jefferson common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/jefferson-bancshares-jfbi.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.