BALA CYNWYD, Pa., May 1, 2014 /PRNewswire/ -- Law office of Brodsky
& Smith, LLC announces that it is investigating potential
claims against the Board of Directors of OmniAmerican Bancorp
("OmniAmerican" or the "Company") (Nasdaq: OABC) relating to the
proposed acquisition by Southside Bancshares, Inc. ("SBSI").
Click here to learn more about the investigation
http://brodsky-smith.com/752-oabc-omniamerican-bancorp.html, or
call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, OmniAmerican shareholders
will receive only $13.125 in cash and
0.4459 shares of SBSI common stock for each share of OmniAmerican
stock they own. The investigation concerns possible breaches of
fiduciary duty and other violations of state law by the Board of
Directors of OmniAmerican for not acting in the Company's
shareholders' best interests in connection with the sale process.
The transaction may undervalue OmniAmerican and may be below the
premium paid in comparable transactions.
If you own shares of OmniAmerican common stock and wish to
discuss the legal ramifications of the investigation, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 602, Bala
Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, by visiting
http://brodsky-smith.com/752-oabc-omniamerican-bancorp.html, or
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and case action lawsuits. The attorneys at Brodsky &
Smith have been appointed by numerous courts throughout the country
to serve as lead counsel in class actions and successfully
recovered millions of dollars for our clients and shareholders.
Attorney advertising. Prior results do not guarantee a similar
outcome.
SOURCE Brodsky & Smith, LLC