NEW YORK--(BUSINESS WIRE)--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.
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