HMN FINANCIAL INVESTOR ALERT from Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of HMN Financial, Inc. – HMNF

Former Louisiana Attorney General Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of HMN Financial, Inc. (NasdaqGM: HMNF) to Alerus Financial Corporation (NasdaqCM: ALRS). Under the terms of the proposed transaction, HMN shareholders will receive 1.25 shares of Alerus stock for each share of HMN they own. KSF seeks to determine whether the consideration and the process leading up to it are adequate, or whether the consideration understates the value of the company.

If you believe that this transaction undervalues ​​the Company and/or would like to discuss your legal rights with respect to the proposed sale, you may, without obligation or cost to you, email or call KSF Managing Partner Lewis S. Kahn ([email protected]) at any time toll-free 855-768-1857. You may also visit https://www.ksfcounsel.com/cases/nasdaqgm-hmnf/ for more information.

For more information about KSF, which includes the former Louisiana Attorney General, visit www.ksfcounsel.com.

View the source version on businesswire.com: https://www.businesswire.com/news/home/20240819655557/en/

The HMN Financial Stock fell by 10% at the time of the news release. -0.43 % to 25.61US dollar
on the Nasdaq stock exchange (August 19, 2024, 11:20 p.m.).