SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Alliance Bancorp, Inc. of Pennsylvania . -ALLB
BALA CYNWYD, Pa., March 3, 2015 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Alliance Bancorp, Inc. of Pennsylvania ("Alliance" or "the Company") (Nasdaq-ALLB-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to WSFS Financial Corporation. ("WSFS").
Click here to learn more about the investigation http://brodsky-smith.com/899-allb-alliance-bancorp-inc-of-pennsylvania.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Alliance shareholders will receive only 0.28955 of a share of WSFS stock or $22.00 in cash for each share of Alliance stock they own. This is subject to an overall allocation of exchanged shares into 70% stock and 30% cash. The investigation concerns whether the Board of Alliance breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether WSFS is underpaying for Alliance. The transaction may undervalue Alliance as the Company's strengths can be seen in revenue growth, good cash flow from operations, expanding profit margins, increase in stock price during the past year and increase in net income.
If you own shares of Alliance 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 510, Bala Cynwyd, PA 19004, visiting http://brodsky-smith.com/899-allb-alliance-bancorp-inc-of-pennsylvania.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 class 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 have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE Brodsky & Smith, LLC
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