SHAREHOLDER ALERT: Brower Piven Launches An Investigation Into The Proposed Sale Of Heritage Financial Group, Inc. And Encour...

The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Heritage Financial Group, Inc. (“Heritage” or the “Company”) (Nasdaq: HBOS) relating to the proposed buyout of the Company by Renasant Corporation (“Renasant”).

On December 10, 2014, Heritage and Renasant announced the signing of a definitive merger agreement pursuant to which Renasant will acquire Heritage in a transaction valued at approximately $258 million. Under the terms of the proposed transaction, Heritage shareholders are expected to receive 0.9266 shares of Renasant common stock for each share of Heritage they own. This equates to approximately $27.00 per Heritage share based on Renasant’s 20-day average closing price as of December 9, 2014. The transaction is expected to close in the third quarter of 2015, though Heritage shareholders will most likely be asked to vote on the transaction well before that time.

The firm’s investigation seeks to determine, among other things, whether the Company’s Board of Directors failed to satisfy their duties to shareholders, including whether the Board adequately pursued alternatives to the acquisition and whether the Board obtained the best price possible for the Company’s shares of common stock.

If you currently own common stock of Heritage and would like to learn more about the investigation being conducted by Brower Piven, without cost or obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at [e-mail] or by telephone at [phone].

Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.

Brower Piven, A Professional CorporationCharles J. Piven, 410-415-66161925 Old Valley RoadStevenson, Maryland [e-mail]