SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of OmniVision Technologies, Inc.
May 04 2015 - 05:35AM
Business Wire
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) 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.
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90http://brodsky-smith.com/927-ovti-omnivision-technologies-inc.html
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