StockNews.AI
HMST
StockNews.AI
139 days

HOMESTREET INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of HomeStreet, Inc. - HMST

1. KSF is investigating HomeStreet's merger with Mechanics Bank. 2. Shareholders may own 8.3% of the new entity.

M&A
-9.24%Current Return
VS
-4.94%S&P 500
$12.5604/02 05:04 PM EDTEvent Start
$11.404/03 11:26 PM EDTLatest Updated
2m saved
Insight
Article

FAQ

Why Bearish?

Investigations can create uncertainty, affecting investor confidence. Historical mergers under scrutiny often led to stock price declines.

How important is it?

The ongoing investigation could result in toxic sentiment, affecting stock value before a resolution is reached.

Why Short Term?

Immediate concerns from the investigation may impact stock price quickly, as seen in previous similar cases.

Related Companies

MEFC
NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of HomeStreet, Inc. (NasdaqGS: HMST) and Mechanics Bank. Under the terms of the proposed transaction, HomeStreet shareholders are expected to own approximately 8.3% of the combined company. KSF is seeking to determine whether the merger and the process that led to it are adequate, or whether the merg.

Related News