NEW YORK, April 29, 2014 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of OmniAmerican Bancorp ("OmniAmerican" or the "Company") (NASDAQ: OABC) concerning the proposed acquisition of the Company by Southside Bancshares ("Southside").
Under the terms of the proposed transaction, OmniAmerican shareholders will receive $13.125 in cash and 0.4459 shares of Southside per share of OmniAmerican owned.
Our investigation concerns whether the OmniAmerican board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company shareholders.
If you own OmniAmerican shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Benjamin I. Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Email: [email protected]
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP