We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Home BancShares, Inc. (“Home BancShares” or the “Company”) (NASDAQ:HOMB) in connection with the Company’s proposed acquisition of Happy Bancshares, Inc. (“Happy Bancshares”). Under the terms of the merger agreement, Happy Bancshares shareholders will receive 2.17 shares of Home BancShares stock for each Happy Bancshares share they own and will begin receiving quarterly dividends declared by Home BancShares.
WeissLawLLP is investigating whether: (i) Home BancShares’ board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the deal's equity split is fair to HomeBancShares’ shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.