Finkelstein Thompson LLP Announces Investigation Of Washington Banking Co. Buyout

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 contact@finkelsteinthompson.com.

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.

To learn more about Finkelstein Thompson LLP, please visit our website at www.finkelsteinthompson.com. Attorney advertising. Prior results do not guarantee similar outcomes.

Copyright Business Wire 2010

More from Press Releases

NFL Pushes for Regulation Following Supreme Court's Sports Gambling Ruling

NFL Pushes for Regulation Following Supreme Court's Sports Gambling Ruling

21st Century Fox Scoops Up Local News Stations

21st Century Fox Scoops Up Local News Stations

Walmart CEO: 'We Are Transforming Globally' With Flipkart

Walmart CEO: 'We Are Transforming Globally' With Flipkart

Three-Part FREE Webinar Series

Three-Part FREE Webinar Series

March 24 Full-Day Course Offering: Professional Approach to Trading SPX

March 24 Full-Day Course Offering: Professional Approach to Trading SPX