NEW YORK, May 5, 2014 /PRNewswire/ -- 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.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: vw@wongesq.com
SOURCE The Law Offices of Vincent
Wong