In the news release, SHAREHOLDER ALERT: Brodsky & Smith, LLC
Announces Investigation of OBA Financial, Inc. - OBAF, issued
08-Apr-2014 by Brodsky & Smith,
LLC over PR Newswire, we are advised by the company that the
headline should read "OBA Financial Services, Inc." rather than
"OBA Financial, Inc." as originally issued inadvertently. The
complete, corrected release follows:
SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation
of OBA Financial Services, Inc. - OBAF
BALA CYNWYD, Pa., April 8, 2014 /PRNewswire/ -- 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 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.
SOURCE Brodsky & Smith, LLC