SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of OBA Financial Services, Inc. in Connection with Sale of Co...
10 Abril 2014 - 7:35PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
OBA Financial Services, Inc. (“OBA Financial” or the “Company”)
(Nasdaq: OBAF) relating to the proposed acquisition by F.N.B.
Corporation (“F.N.B.”).
Click here to learn more about the investigation
http://brodsky-smith.com/741-obaf-oba-financial-services-inc.html,
or call 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, OBA Financial shareholders
will receive only 1.781 shares of F.N.B. common stock for each
share of OBA Financial stock they own. The investigation concerns
possible breaches of fiduciary duty and other violations of state
law by the Board of Directors of OBA Financial for not acting in
the Company’s shareholders' best interests in connection with the
sale process. The transaction may undervalue OBA Financial as the
acquisition is expected to add approximately 30 basis points to
F.N.B. tangible common equity to tangible assets ratio at closing
and provide F.N.B. with an additional $390 million in total assets,
$290 million in total deposits, and $300 million in loans. In
addition, the transaction exposes OBA Financial shareholders to
additional risk as the exchange ratio is fixed and the transaction
is not supposed to close until the third quarter of 2014.
If you own shares of OBA Financial 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/741-obaf-oba-financial-services-inc.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.
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90investorrelations@brodsky-smith.comhttp://brodsky-smith.com/741-obaf-oba-financial-services-inc.html
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