OmniAmerican Bancorp Shareholder Alert: Former SEC Attorney Willie Briscoe & Powers Taylor LLP Investigate Sale to Southside ...
May 02 2014 - 2:54PM
Business Wire
Former United States Securities and Exchange Commission attorney
Willie Briscoe and the securities litigation firm of Powers Taylor
LLP are investigating potential claims against the Board of
Directors of OmniAmerican Bancorp (“OmniAmerican”) (NasdaqGS: OABC)
related to the sale to Southside Bancshares, Inc. for shareholders.
Under the terms of the transaction, valued at approximately $307
million, OmniAmerican shareholders will only receive 0.4459 shares
of Southside common stock plus $13.125 in cash for each share
owned. The total consideration, based on Southside’s closing stock
price on April 28, 2014, is approximately $26.71.
If you are an affected investor, and you want to learn more
about the lawsuit or join the action, contact Willie Briscoe at The
Briscoe Law Firm, PLLC, (214) 239-4568, or via email at
WBriscoe@TheBriscoeLawFirm.com, or Patrick Powers at Powers Taylor
LLP, toll free (877) 728-9607, via e-mail at
shareholder@powerstaylor.com. There is no cost or fee to you.
The OmniAmerican investigation centers on whether OmniAmerican’s
Board of Directors is acting in the shareholders’ best interests,
whether the board is properly considering the proposed price for
the shareholders, and whether the board has employed an adequate
process to review and act on the proposed transaction.
The Briscoe Law Firm, PLLC is a full service business litigation
and shareholder rights advocacy firm with more than 20 years of
experience in complex litigation and transactional matters.
Powers Taylor LLP is a boutique litigation law firm that handles
a variety of complex business litigation matters, including claims
of investor and stockholder fraud, shareholder oppression,
shareholder derivative suits, and security class actions.
The Briscoe Law Firm, PLLCWillie Briscoe,
214-239-4568WBriscoe@TheBriscoeLawFirm.comorPowers Taylor
LLPPatrick Powers, 877-728-9607shareholder@powerstaylor.com
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