NEW YORK--(BUSINESS WIRE)--The Rosen Law Firm, P.A. announces that it is investigating the Board of Directors of Simplicity Bancorp, Inc. (NASDAQ:SMPL) for possible breaches of fiduciary duty and other violations of law by failing to adequately shop Simplicity Bancorp to maximize shareholder value before agreeing to be acquired by HomeStreet, Inc. (NASDAQ: HMST).
If you would like to join the action, go to http://rosenlegal.com/cases-382.html or contact Phillip Kim or Kevin Chan, toll-free at 866-767-3653, or via e-mail at firstname.lastname@example.org or email@example.com. There is no cost or obligation to you.
Under the terms of the proposed transaction, shareholders will receive one share of HomeStreet for each share of Simplicity Bancorp they own, subject to adjustment if HomeStreet’s closing stock price during a specified measurement period prior to closing is more than $20 or less than $15 per share. The investigation relates to whether the proposal for one share of Homestreet per share, subject to adjustment, is fair to public shareholders and whether Simplicity Bancorp’s Board breached its fiduciary duties in connection with the proposed sale.
If you currently own shares of Simplicity Bancorp and wish to obtain additional information, please visit the website at http://rosenlegal.com/cases-382.html. You may also contact Phillip Kim or Kevin Chan of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at firstname.lastname@example.org or email@example.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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