|By PR Newswire||
|April 8, 2014 12:30 PM EDT||
BALA CYNWYD, Pa., April 8, 2014 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of OBA Financial Services, Inc. ("OBA Financial" or the "Company") (Nasdaq: OBAF) relating to the proposed acquisition by F.N.B. Corporation ("F.N.B.").
Click here to learn more about the investigation http://brodsky-smith.com/741-obaf-oba-financial-services-inc.html, or call 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, OBA Financial shareholders will receive only 1.781 shares of F.N.B. common stock for each share of OBA Financial stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of OBA Financial for not acting in the Company's shareholders' best interests in connection with the sale process. The transaction may undervalue OBA Financial as the acquisition is expected to add approximately 30 basis points to F.N.B. tangible common equity to tangible assets ratio at closing and provide F.N.B. with an additional $390 in total assets, $290 million in total deposits, and $300 million in loans. In addition, the transaction exposes OBA Financial shareholders to additional risk as the exchange ratio is fixed and the transaction is not supposed to close until the third quarter of 2014
If you own shares of OBA Financial 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 [email protected], by visiting http://brodsky-smith.com/741-obaf-oba-financial-services-inc.html, 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.
SOURCE Brodsky & Smith, LLC
May. 2, 2016 01:45 AM EDT Reads: 1,249
May. 1, 2016 11:00 PM EDT Reads: 1,587
May. 1, 2016 08:00 PM EDT Reads: 1,844
May. 1, 2016 07:00 PM EDT Reads: 745
May. 1, 2016 06:00 PM EDT Reads: 810
May. 1, 2016 06:00 PM EDT Reads: 1,150
May. 1, 2016 05:00 PM EDT Reads: 1,019
May. 1, 2016 04:30 PM EDT Reads: 1,477
May. 1, 2016 04:00 PM EDT Reads: 936
May. 1, 2016 03:15 PM EDT Reads: 1,034
May. 1, 2016 01:30 PM EDT Reads: 1,572
May. 1, 2016 01:30 PM EDT Reads: 816
May. 1, 2016 01:00 PM EDT Reads: 1,750
May. 1, 2016 12:45 PM EDT Reads: 823