|[April 15, 2014]
SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of OBA Financial Services, Inc. in Connection with Sale of Company
BALA CYNWYD, Pa. --(Business Wire)--
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 Boar 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
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
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