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OmniAmerican Bancorp (OABC)

(Nasdaq: OABC)

Summary

Faruqi & Faruqi, LLP is Investigating the OmniAmerican Bancorp (OABC) Board of Directors for Potential Breaches of Fiduciary Duty in Connection to the Proposed Merger with Southside Bancshares (SBSI) 

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of OmniAmerican Bancorp

Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, investigates a possible challenge of the Board of Directors of OmniAmerican Bancorp (“OmniAmerican” or the “Company”) (OABC) actions as they relate to their recommendation and agreement to merge the Company into Southside Bancshares for approximately $307 million.  The Company’s stockholders are offered to receive 0.4459 shares of Southside common stock and $13.125 in cash for each share of LIN common stock they own. 

The investigation focuses on whether OmniAmerican’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of OmniAmerican’s shareholders.

If you own common stock in OmniAmerican and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330. 

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  • Company:
    OmniAmerican Bancorp (OABC)
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Contact Counsel

Juan E. Monteverde
Faruqi & Faruqi, LLP
369 Lexington Avenue 10th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 04/29/2014

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