OMNIAMERICAN BANCORP, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
01 Maio 2014 - 12:24PM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of OmniAmerican
Bancorp, Inc. (NASDAQ GS: OABC)?
- Did you purchase any of your shares
prior to April 29, 2014?
- Do you think the proposed buyout
price is too low?
- Do you want to discuss your
rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of
OmniAmerican Bancorp, Inc. (“OmniAmerican” or the “Company”)
(NASDAQ GS: OABC) regarding possible breaches of fiduciary duties
and other violations of law related to the Company’s entry into an
agreement to be acquired by Southside Bancshares, Inc.
(“Southside”) (NASDAQ GS: SBSI), in a transaction valued at
approximately $307 million.
Click here to learn more:
http://www.rigrodskylong.com/investigations/omniamerican-bancorp-inc-oabc.
Under the terms of the agreement, public shareholders of
OmniAmerican would receive 0.4459 shares of Southside common stock
plus $13.125 in cash for each share of OmniAmerican they own. Based
on Southside’s closing stock price on April 28, 2014, OmniAmerican
shareholders would have received consideration valued at
approximately $26.71 per share.
The investigation concerns whether OmniAmerican’s board of
directors failed to adequately shop the Company and obtain the best
possible value for OmniAmerican’s shareholders before entering into
an agreement with Southside.
If you own the common stock of OmniAmerican and purchased your
shares before April 28, 2014, if you have information or would like
to learn more about these claims, or if you wish to discuss these
matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact
Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2
Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at
(888) 969-4242; by e-mail to info@rl-legal.com, or at:
http://www.rigrodskylong.com/investigations/omniamerican-bancorp-inc-oabc.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M. Serra(888)
969-4242(302) 295-5310Fax: (302)
654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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