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31set

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31set

Re: None

Tuesday, 04/29/2014 3:44:43 PM

Tuesday, April 29, 2014 3:44:43 PM

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Really?!!!? SBSI is going to pay nearly 44 times OABC's trailing earnings based on SBSI's closing price on 4-28-14 to acquire OABC? I've really liked SBSI for the few years I've been in it, but this seems like a bad deal for SBSI shareholders. OABC may be a fine company, but I don't see any reason to dilute SBSI's under 14 times earnings to make this acquisition. I will be voting NO! SBSI has stated several times in the past few years that they were looking for acquisitions. I can't believe this is what they came up with! If I'm wrong, I'd love to hear the explanation why this makes sense.
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