INVESTOR ALERT: Levi & Korsinsky, LLP Announces Investigation of OmniAmerican Bancorp & Its Board of Directors In Connection ...
29 Abril 2014 - 4:52PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
OmniAmerican Bancorp (“OmniAmerican” or “the Company”) (Nasdaq:
OABC) for possible breaches of fiduciary duty and other violations
of state law in connection with the sale of the Company to
Southside Bancshares, Inc. (“Southside”) (Nasdaq: SBSI).
Click here to learn more about the investigation:
http://www.zlkdocs.com/OABC-Info-Request-Form-1785, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, shareholders will receive
0.4459 shares of Southside common stock plus $13.125 in cash for
each outstanding share of OmniAmerican common stock. Based on
Southside's closing stock price of $30.46 on April 28, 2014, the
per share value of consideration to OmniAmerican shareholders would
be $26.71. The transaction is currently valued at approximately
$307 million. The investigation concerns whether the OmniAmerican
Board of directors breached their fiduciary duties to stockholders
by failing to adequately shop the Company before agreeing to enter
into this transaction, and whether Southside is underpaying for
OmniAmerican shares.
If you own OmniAmerican common stock and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or visit
http://www.zlkdocs.com/OABC-Info-Request-Form-1785.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut and Washington D.C. The firm’s 26
attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. For
more information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky,
Esq.Tel: 212-363-7500Toll Free: 877-363-5972Fax:
866-367-6510www.zlk.com
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