Shareholder Investigation of HomeFed
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Is the Proposed Acquisition Best for HomeFed Corporation (HOFD) and Its Shareholders?
Robbins LLP’s investigation focuses on whether the board of directors at HomeFed Corporation (HOFD) is undertaking a fair process to obtain maximum value and adequately compensate its shareholders.
In the last three years, HomeFed traded as high as $58.75 on March 29, 2018, and traded well above the current consideration value – at $50.00 – as recently as November 1, 2018.
In light of these facts, Robbins LLP is examining HomeFed’s board of directors’ decision to sell the company now rather than allow shareholders to continue to participate in the company’s continued success and future growth prospects.