Faruqi & Faruqi, LLP Announces the Investigation of Homeinns Hotel Group (HMIN) Over the Proposed Sale of the Company to BTG Hotels (Group) Co., Ltd
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Homeinns Hotel Group (“Homeinns” or the “Company”) (NasdaqGS:HMIN) for potential breaches of fiduciary duties in connection with the sale of the Company to BTG Hotels (Group) Co., Ltd for approximately $1.2 billion.
The Company’s stockholders will only receive $35.80 in cash per American depositary share (“ADS”) they own. However, at least one analyst has set a price target for Homeinns at $39.79 per ADS.
If you own common stock in Homeinns and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact Juan Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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