NEW YORK, March 19, 2019 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased HFF, Inc. (“HFF” or the “Company”) (NYSE: HF) stock prior to March 19, 2019.
You are hereby notified that Levi & Korsinsky has commenced an investigation into the fairness of the sale of HFF 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. To learn more about the action and your rights, go to:
https://www.zlk.com/mna/hff-inc
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
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.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com