Levi & Korsinsky has commenced an investigation into the fairness of the sale of HFF, Inc. (NYSE: HF) to Jones Lang LaSalle Incorporated (“JLL”) (NYSE: JLL). Under the terms of the transaction, HFF shareholders will receive $24.63 in cash and 0.1505 JLL shares for each HFF share they own. Based on the closing price of JLL stock on March 18, 2019, this represents a value of $49.16 per HFF share.
The HFF merger investigation concerns whether the Board of HFF breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether JLL is underpaying for HFF shares, thus unlawfully harming HFF shareholders.
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