SHAREHOLDER ALERT: Brower Piven Announces the Investigation of OmniAmerican Bancorp in Connection with the Sale of the Compan...
30 Avril 2014 - 7:16PM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, has commenced an investigation into
possible breaches of fiduciary duty to current shareholders of
OmniAmerican Bancorp (“OmniAmerican” or the “Company”) (NasdaqGS:
OABC) and other violations of state law by the board of directors
of OmniAmerican relating to the proposed sale of the Company to
Southside Bancshares (“Southside”).
Under the terms of the transaction, OmniAmerican shareholders
will receive $13.125 in cash and 0.4459 shares of SBSI common stock
for each share of OmniAmerican stock they own. The firm’s
investigation seeks to determine, among other things, whether the
Company’s board of directors breached their fiduciary duties by
failing to maximize shareholder value before agreeing to enter into
this transaction, and whether Southside is underpaying for
OmniAmerican shares.
If you currently own common stock of OmniAmerican and would like
to learn more about the investigation being conducted by Brower
Piven, without cost or obligation to you, click here:
http://www.browerpiven.com/currentinvestigations.html.
You may also request more information by contacting Brower Piven
either by email at hoffman@browerpiven.com or by telephone at (410)
415-6616. Attorneys at Brower Piven together have more than a
century of experience litigating securities and other class action
cases.
Brower Piven, A Professional Corporation1925 Old Valley
RoadStevenson, Maryland 21153Charles J. Piven,
410-415-6616hoffman@browerpiven.com
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