Shareholder Alert: The Law Offices of Vincent Wong Launches an Investigation of the Board of Directors of Ocean Shore Holding Co. Regarding the Sale of the Company to Oceanfirst Financial Corp. - OSHC

Mittwoch, 20.07.2016 22:15 von PR Newswire

PR Newswire

NEW YORK, July 20, 2016 /PRNewswire/ -- The Law Offices of Vincent Wong are investigating potential claims against the Board of Directors of Ocean Shore Holding Co. (NASDAQ: OSHC) ("Ocean Shore Holding" or "the Company") in connection with the sale of the Company to OceanFirst Financial Corp. (NASDAQ: OCFC). Under the terms of the transaction, Ocean Shore Holding shareholders will receive $4.35 in cash and 0.9667 shares of OceanFirst for each share of Ocean Shore stock they own.

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The investigation concerns whether the Board of Ocean Shore Holding breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether OceanFirst is underpaying for Ocean Shore Holding shares.

If you own common stock in Ocean Shore Holding and wish to obtain additional information, please contact Vincent Wong, Esq. either via email, by telephone at 212.425.1140, or visit

Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.

Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880

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SOURCE The Law Offices of Vincent Wong