June 30, 2015 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Home Properties, Inc. (NYSE:HME), was announced concerning whether the takeover of Home Properties, Inc. by an affiliate of Lone Star Funds for $75.23 per share is unfair to NYSE:HME stockholders.

The investigation by a law firm concerns whether certain officers and directors of Home Properties, Inc. breached their fiduciary duties owed to NYSE:HME investors in connection with the proposed acquisition.

On June 22, 2015, Home Properties, Inc. (NYSE:HME) announced that it has entered into an agreement to be acquired by an affiliate of Lone Star Funds, in a transaction valued at approximately $7.6 billion, including the assumption of existing debt. Under the terms of the Merger Agreement, Lone Star Funds will acquire all of the outstanding common stock of Home Properties for $75.23 per share in an all-cash transaction.

However, given that at least one analyst has set the high target price for NYSE:HME shares at $79.00 per share and given that NYSE:HME shares traded as recently as April 28, 2015, as high as $75.41 per share in the open market, the investigation concerns whether the offer is unfair to NYSE:HME stockholders. More specifically, the investigation concerns whether the Home Properties Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Home Properties, Inc. reported that its annual Total Revenue rose from $522.25 million in 2011 to $671.91 million in 2014 and that its Net Income increased from $25.11 million 2011 to $92.45 million in 2014. Shares of Home Properties, Inc. (NYSE:HME) grew from $44.40 per share in July 2010 to as high as $75.41 per share in April 2015.