WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A.:
- Do you own shares of Alliance Bancorp, Inc. of Pennsylvania (NASDAQ GM: ALLB)?
- Did you purchase any of your shares prior to March 3, 2015?
- 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 Alliance Bancorp, Inc. of Pennsylvania (“Alliance Bancorp” or the “Company”) (NASDAQ GM: ALLB) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by WSFS Financial Corporation (“WSFS”) (NASDAQ GS: WSFS), in a transaction valued at approximately $92 million.
Click here to learn more: http://www.rigrodskylong.com/investigations/alliance-bancorp-inc-of-pennsylvania-allb.
Under the terms of the agreement, shareholders of Alliance Bancorp 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, subject to an overall allocation of exchanged shares into 70% common stock and 30% cash.
The investigation concerns whether Alliance Bancorp’s board of directors failed to adequately shop the Company and obtain the best possible value for Alliance Bancorp’s shareholders before entering into an agreement with WSFS.
If you own the common stock of Alliance Bancorp and purchased your shares before March 3, 2015, 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://www.rigrodskylong.com/investigations/alliance-bancorp-inc-of-pennsylvania-allb.
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.
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