WILMINGTON, Del., May 1, 2015 /PRNewswire/ -- Rigrodsky & Long,
P.A.:
- Do you own shares of OmniVision Technologies, Inc. (NASDAQ
GS: OVTI)?
- Did you purchase any of your shares prior to April 30, 2015?
- Do you think the proposed buyout price 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 OmniVision
Technologies, Inc. ("OmniVision" or the "Company") (NASDAQ GS:
OVTI) regarding possible breaches of fiduciary duties and other
violations of law related to the Company's entry into an agreement
to be acquired by a consortium composed of Hua Capital Management
Co., Ltd., CITIC Capital Holdings Limited, and GoldStone Investment
Co., Ltd. (collectively, the "Consortium"), in a transaction valued
at approximately $1.9 billion.
Click here to learn more:
http://rigrodskylong.com/investigations/omnivision-technologies-inc-ovti.
Under the terms of the agreement, public shareholders of
OmniVision would receive $29.75 in
cash for each share of OmniVision they own.
The investigation concerns whether OmniVision's board of
directors failed to adequately shop the Company and obtain the best
possible value for OmniVision's shareholders before entering into
an agreement with the Consortium. According to Yahoo!
Finance, at least one analyst has issued a price target for
OmniVision stock at $35.00 per
share.
If you own the common stock of OmniVision and purchased your
shares before April 30, 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://rigrodskylong.com/investigations/omnivision-technologies-inc-ovti.
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.
Attorney advertising. Prior results do not guarantee a
similar outcome.
CONTACT:
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
To view the original version on PR Newswire,
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SOURCE Rigrodsky & Long, P.A.