1. Rowley Law is investigating HomeStreet for securities law violations. 2. Acquisition by Mechanics Bank may affect HomeStreet's stockholders. 3. Stockholders to hold 8.3% of the new company post-acquisition. 4. Transaction valued at $300 million, closing expected Q3 2025.
Investigations typically lead to negative sentiment. Past instances show stock price drops during similar investigations.
The nature of the investigation casts doubt on the acquisition, affecting investor perception.
Ongoing investigation could affect stock sentiment quickly. Market response generally immediate in such cases.
NEW YORK, March 31, 2025 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by HomeStreet, Inc. (NASDAQ: HMST) and its board of directors concerning the proposed acquisition of the company by Mechanics Bank.
HomeStreet stockholders will own approximately 8.3% of the combined company. The transaction is valued at approximately $300 million and is expected to close in the third quarter of 2025.
If you are a stockholder of HomeStreet, Inc. and are interested in obtaining additional information regarding this investigation, please visit us at: http://www.rowleylawpllc.com/investigation/hmst/. You may also contact Shane Rowley, Esq. at Rowley Law PLLC, 50 Main Street Suite 1000, White Plains, NY 10606, by email at [email protected], or by telephone at 914-400-1920 or 844-400-4643 (toll-free).
Rowley Law PLLC represents shareholders nationwide in class actions and derivative lawsuits in complex corporate litigation. For more information about the firm and its attorneys, please visit http://www.rowleylawpllc.com.
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