NEW ORLEANS, April 30, 2014 /PRNewswire/ -- Former Attorney
General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of
Kahn Swick & Foti, LLC ("KSF") are investigating the proposed
sale of OmniAmerican Bancorp, Inc. ("Omni" or the "Company")
(NASDAQ: OABC) to Southside Bancshares, Inc. ("Southside") (NASDAQ:
SBSI). Under the terms of the proposed transaction,
shareholders of Omni will receive only 0.4459 shares of Southside
common stock plus $13.25 in cash for
each share of Omni common stock that they
own. 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. KSF is seeking to determine whether
this consideration and the process that led to it are adequate, or
whether the consideration undervalues the Company.
If you believe that this transaction undervalues the Company
and/or if you would like to discuss your legal rights regarding the
proposed sale, you may, without obligation or cost to you, e-mail
or call KSF Managing Partner Lewis S. Kahn
(lewis.kahn@ksfcounsel.com) or associate Michael J. Palestina
(michael.palestina@ksfcounsel.com) toll free at any time at
855-768-1857.
To learn more about KSF, whose partners include the Former
Louisiana Attorney General, visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
206 Covington St.
Madisonville, LA 70447
SOURCE Kahn Swick & Foti, LLC