TMCnet News
ALLIANCE BANCORP, INC. SHAREHOLDER ALERT: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Investigate Sale to WSFS Financial CorporationFormer United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential claims against the Board of Directors of Alliance Bancorp, Inc. ("Alliance") (NasdaqGM: ALLB) concerning the sale to WSFS Financial Corporation (NasdaqGS: WSFS). Under the terms of the agreement, Alliance shareholders will receive 0.28995 WSFS stock or $22.00 in cash for each share owned, which is virtually no premium over the 52-week high. >
The investigation centers on whether Alliance's Board of Directors is acting in the shareholders' best interests, whether the board considered alternatives to the acquisition, and whether the board has employed an adequate process to review and act on the proposed transaction. The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters. Powers Taylor LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
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