The Law Offices of Vincent Wong are investigating potential claims against the Board of Directors of Washington Banking Co. (Nasdaq:WBCO) (“Washington Banking”) regarding possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Heritage Financial Corp. (Nasdaq:HFWA).
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Under the terms of the transaction, Washington Banking shareholders will receive 0.89 shares of Heritage common stock and $2.75 in cash for each share of Washington Banking stock they own; this represents a value of approximately $16.89 per share. The investigation concerns whether the Washington Banking Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company to obtain the best possible value for Washington Banking shareholders.
If you own common stock in Washington Banking and wish to obtain additional information, please contact Vincent Wong, Esq. either via email
, by telephone at 212.425.1140, or visit
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.