The Rosen Law Firm, P.A., a global investor rights firm, announces that
it is investigating the Board of Directors of Alliance Bancorp, Inc. of
Pennsylvania (NASDAQ:ALLB) for possible breaches of fiduciary duty and
other violations of law by failing to adequately shop Alliance Bancorp
to maximize shareholder value before agreeing to be acquired by WSFS
Financial Corporation (NASDAQ:WSFS).
If you would like to join the action, go to http://rosenlegal.com/cases-530.html
or contact Phillip Kim or Kevin Chan toll-free at 866-767-3653 or via
e-mail at pkim@rosenlegal.com
or kchan@rosenlegal.com. There
is no cost or obligation to you.
Under the terms of the proposed transaction, shareholders may elect to
receive 0.28955 shares of WSFS common stock or $22.00 in cash for each
common share of Alliance Bancorp. This is subject to an overall
allocation of exchanged shares into 70% common stock and 30% cash. The
proposed transaction is valued at approximately $92.0 million. The
investigation relates to whether the proposal is fair to the public
shareholders of Alliance Bancorp and whether the Board of Directors of
Alliance Bancorp breached its fiduciary duties in connection with the
proposed sale.
If you currently own shares of Alliance Bancorp and wish to obtain
additional information, please visit the website at http://rosenlegal.com/cases-530.html.
You may also contact Phillip Kim or Kevin Chan of The Rosen Law Firm
toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com
or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and shareholder
derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Copyright Business Wire 2015