BALA CYNWYD, Pa., May 1, 2015 /PRNewswire/ -- Law office of Brodsky
& Smith, LLC announces that it is investigating potential
claims against the Board of Directors of OmniVision Technologies,
Inc. ("OmniVision" or "the Company") (Nasdaq -OVTI-News) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to a consortium
composed of Hua Capital Management Co., Ltd., CITIC Holdings
Limited, and GoldStone Investment Co., Ltd. ("Hua Capital").
Click here to learn more about the investigation
http://brodsky-smith.com/927-ovti-omnivision-technologies-inc.html,
or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, OmniVision shareholders will
receive only $29.75 in cash for each
share of OmniVision stock they own. The investigation concerns
whether the Board of OmniVision breached their fiduciary
duties to shareholders by failing to adequately shop the Company
before agreeing to enter into this transaction, and whether Hua
Capital is underpaying for OmniVision. The transaction may
undervalue OmniVision as the price being paid to OmniVision
shareholders is below the premium paid in similar transactions. In
addition, an analyst has placed a $35.00 per share price target on OmniVision
stock.
If you own shares of OmniVision and wish to discuss the legal
ramifications of the investigation, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 510, Bala
Cynwyd, PA 19004, by visiting
http://brodsky-smith.com/927-ovti-omnivision-technologies-inc.html,
or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
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SOURCE Brodsky & Smith, LLC