INVESTOR ALERT – OMNIAMERICAN BANCORP: The Law Offices of Vincent Wong Investigates the Sale of OmniAmerican Bancorp
09 Maggio 2014 - 10:47PM
Business Wire
The Law Offices of Vincent Wong are investigating potential
claims against the Board of Directors of OmniAmerican Bancorp
(Nasdaq: OABC) (“OmniAmerican”) in connection with the sale of the
Company to Southside Bancshares, Inc. (“Southside”) (Nasdaq:
SBSI).
Click here to learn about the case:
http://docs.wongesq.com/OABC-Info-Request-Form-218. 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 common stock in OmniAmerican and wish to obtain
additional information, please contact Vincent Wong, Esq. either
via email vw@wongesq.com, by telephone at 212.425.1140, or visit
http://docs.wongesq.com/OABC-Info-Request-Form-218.
Vincent Wong, Esq. is an experienced attorney that has
represented investors in securities litigations involving financial
fraud and violations of shareholder rights. Attorney advertising.
Prior results do not guarantee similar outcomes.
The Law Offices of Vincent WongVincent Wong, Esq.,
212-425-1140Fax. 866-699-3880vw@wongesq.com
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