The law firm of Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of Washington Banking Co. (Nasdaq: WBCO) (“Washington Banking” or “the Company”), concerning the Company’s proposed acquisition by Heritage Financial Corp. (Nasdaq: HFWA) (“Heritage”). Under the terms of the merger agreement, Washington Banking’s shareholders will receive $2.75 in cash and 0.89 shares of Heritage common stock for each share of Washington Banking common stock they own. The stock offer represents a consideration of $16.89 based on Heritage’s closing price of $15.89 on Wednesday, October 23, 2013.
The investigation is focused on whether Washington Banking’s Board of Directors breached its fiduciary duty in failing to maximize consideration to shareholders, the potential unfairness of the consideration to shareholders, the process by which the Board considered the transaction, and potential conflicts of interest among the Company’s Board members.
If you are interested in discussing your rights as a Washington Banking shareholder, or have information relating to this investigation, please contact Finkelstein Thompson’s Washington, DC offices at (877) 337-1050 or (202) 337-8000, or by email at
Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in financial litigation, and has been appointed as lead or co-counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers.
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