OMNIAMERICAN BANCORP INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of OmniAmerican Bancorp, Inc. - Wandtv.com, NewsCenter17, StormCenter17, Central Illinois News-
OMNIAMERICAN BANCORP INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of OmniAmerican Bancorp, Inc.
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SOURCE Kahn Swick & Foti, LLC
NEW ORLEANS, April 30, 2014 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of OmniAmerican Bancorp, Inc. ("Omni" or the "Company") (NASDAQ: OABC) to Southside Bancshares, Inc. ("Southside") (NASDAQ: SBSI).Under the terms of the proposed transaction, shareholders of Omni will receive only 0.4459 shares of Southside common stock plus $13.25 in cash for each share of Omni common stock that they own. 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. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (email@example.com) or associate Michael J. Palestina (firstname.lastname@example.org) toll free at any time at 855-768-1857.
To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC 206 Covington St. Madisonville, LA 70447