INVESTOR ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of Ocean Shore Holding Co. And Encourages Shar...
21 Julio 2016 - 1:31PM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, has commenced an investigation into
possible breaches of fiduciary duty and other violations of state
law by the Board of Directors of Ocean Shore Holding Co. (Nasdaq:
OSHC) (“Ocean Shore” or the “Company”) relating to the proposed
buyout of Ocean Shore by OceanFirst Financial Corp.
The firm’s investigation seeks to determine, among other things,
whether the Company’s Board of Directors failed to satisfy their
duties to shareholders, including whether the Board adequately
pursued alternatives to the acquisition and whether the Board
obtained the best price possible for the Company’s shares of common
stock.
Under the terms of the agreement, Ocean Shore shareholders are
anticipated to receive $4.35 in cash and 0.9667 shares of
OceanFirst stock for each share of Ocean Shore common stock
held.
If you currently own common stock of Ocean Shore and believe
that the proposed buyout price is too low, or you would like to
learn more about the investigation being conducted by Brower Piven,
please visit our website at
http://www.browerpiven.com/currentinvestigations.html. You may also
request more information by contacting Brower Piven either by email
at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
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version on businesswire.com: http://www.businesswire.com/news/home/20160721006240/en/
Brower Piven, A Professional CorporationCharles J. Piven1925 Old
Valley RoadStevenson, Maryland
21153410-415-6616hoffman@browerpiven.com
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