OmniAmerican Bancorp Merger Litigation (Nasdaq: OABC)

SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of OmniAmerican Bancorp in Connection with the Sale of the Company- OABC 
 
BALA CYNWYD, April 29, 2014 (Business Wire) –Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of OmniAmerican Bancorp (“OmniAmerican” or the “Company”) (Nasdaq –OABC-News) relating to the proposed acquisition by Southside Bancshares, Inc. (“SBSI”). 
 
Under the terms of the transaction, OmniAmerican shareholders will receive only $13.125 in cash and 0.4459 shares of SBSI common stock for each share of OmniAmerican stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of OmniAmerican for not acting in the Company’s shareholders' best interests in connection with the sale process. The transaction may undervalue OmniAmerican and may be below the premium paid in comparable transactions.  
 
If you own shares of OmniAmerican common stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at investorrelations@brodsky-smith.com, or calling toll free 877-LEGAL-90.  
 
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and case action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.  

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