SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Ocean Shore Holding Co. Buyout
19 Julio 2016 - 9:52AM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of Ocean Shore
Holding Co. (NASDAQ GM: OSHC)?
- Did you purchase any of your shares
prior to July 13, 2016?
- Do you think the proposed buyout
value is too low?
- Do you want to discuss your
rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Ocean
Shore Holding Co. (“Ocean Shore” or the “Company”) (NASDAQ GM:
OSHC) regarding possible breaches of fiduciary duties and other
violations of law related to the Company’s entry into an agreement
to be acquired by OceanFirst Financial Corp. (“OceanFirst”) (NASDAQ
GS: OCFC), in a transaction valued at approximately $145.6
million.
Click here to learn more:
http://rigrodskylong.com/investigations/ocean-shore-holding-co-oshc.
Under the terms of the agreement, shareholders of Ocean Shore
will receive $4.35 in cash and 0.9667 shares of OceanFirst for each
share of Ocean Shore they own. Based on OceanFirst’s closing
stock price on July 12, 2016, Ocean Shore shareholders would have
received compensation valued at approximately $22.47 per share.
The investigation concerns whether Ocean Shore’s board of
directors failed to adequately shop the Company and obtain the best
possible value for Ocean Shore shareholders before entering into an
agreement with OceanFirst.
If you own the common stock of Ocean Shore and purchased your
shares before July 13, 2016, if you have information or would like
to learn more about these claims, or if you wish to discuss these
matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact
Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2
Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at
(888) 969-4242; by e-mail to info@rl-legal.com, or at:
http://rigrodskylong.com/investigations/ocean-shore-holding-co-oshc.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
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version on businesswire.com: http://www.businesswire.com/news/home/20160719006099/en/
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M. Serra(888)
969-4242(302) 295-5310Fax: (302)
654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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