Energy News / Shareholders Foundation, Inc.

Alliance Bancorp Inc of Pennsylvania (NASDAQ:ALLB) Stockholder Investigation of Takeover by WSFS Financial Corporation

Via: ReleaseWire

Updated 9:00 AM CDT, Wed, March 25,2015

An investigation on behalf of investors of Alliance Bancorp Inc of Pennsylvania (NASDAQ:ALLB) in connection with the proposed takeover was announced and NASDAQ:ALLB stockholders should contact the Shareholders Foundation.

San Diego, CA -- (ReleaseWire) -- 03/25/2015 -- An investigation on behalf of investors, who currently hold shares of Alliance Bancorp Inc of Pennsylvania (NASDAQ:ALLB), was announced concerning whether the takeover of Alliance Bancorp Inc of Pennsylvania. by WSFS Financial Corporation is unfair to NASDAQ:ALLB stockholders.

Investors who purchased shares of Alliance Bancorp Inc of Pennsylvania (NASDAQ:ALLB) and currently hold any of those NASDAQ:ALLB shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of Alliance Bancorp Inc of Pennsylvania breached their fiduciary duties owed to ANASDAQ:ALLB investors in connection with the proposed acquisition.

On March 3, 2015, WSFS Financial Corporation (NASDAQ: WSFS) and Alliance Bancorp, Inc. of Pennsylvania (NASDAQ: ALLB) announced the signing of an agreement and plan of merger whereby WSFS Financial Corporation will acquire Alliance Bancorp, Inc. of Pennsylvania. Under the terms of the agreement, shareholders of Alliance Bancorp, Inc. of Pennsylvania will be entitled to elect to receive either 0.28955 shares of WSFS common stock or $22.00 in cash for each common share of Alliance Bancorp, Inc. of Pennsylvania, subject to an overall allocation of exchanged shares into 70% common stock and 30% cash

However, the investigation concerns whether the offer is unfair to NASDAQ:ALLB stockholders. More specifically, the investigation concerns whether the Alliance Bancorp Inc of Pennsylvania Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Shares of Alliance Bancorp Inc of Pennsylvania (NASDAQ:ALLB) closed on March 23, 2015, at $21.50 per share.

Those who are current investors in Alliance Bancorp Inc of Pennsylvania (NASDAQ:ALLB) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.releasewire.com/press-releases/alliance-bancorp-inc-of-pennsylvania-nasdaqallb-stockholder-investigation-of-takeover-by-wsfs-financial-corporation-588291.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com