SANTA CLARA, Calif.,
July 6, 2015 /PRNewswire/
-- OmniVision Technologies, Inc. (Nasdaq: OVTI)
("OmniVision"), a leading developer of advanced digital imaging
solutions, today announced that it has rescheduled to July 23, 2015 the Special Meeting at which
OmniVision shareholders will vote on matters in connection with the
Agreement and Plan of Merger, dated April
30, 2015, by and among OmniVision, Seagull International
Limited and Seagull Acquisition Corporation (as may be amended from
time to time).
As previously disclosed, OmniVision is a party to a number of
putative class action lawsuits related to the proposed merger that
have been filed in the Superior Court of the State of California, County of Santa Clara. Those actions were consolidated
under the caption In re OmniVision Technologies, Inc.
Shareholder Litigation, No. 15-CV-280161 (the "Litigation") and
are described in more detail in OmniVision's definitive proxy
statement related to the proposed merger filed with the Securities
and Exchange Commission on June 10,
2015. On July 1, 2015,
Plaintiffs filed a motion seeking to enjoin the proposed merger
until the defendants in the Litigation take certain purported
corrective actions. OmniVision is voluntarily postponing the
Special Meeting in order to provide additional time for court
resolution of that motion.
Shareholders of record as of the close of business on
June 9, 2015 will continue to be
entitled to vote at the Special Meeting.
OmniVision shareholders seeking copies of the definitive proxy
statement or with questions about the Special Meeting may contact
OmniVision's proxy solicitor, Georgeson Inc. at
OmniVision@georgeson.com or toll-free at (800) 248-7605.
About OmniVision
OmniVision is a leading developer of advanced digital imaging
solutions. Its CameraChip™ and CameraCubeChip™ products are highly
integrated, single-chip CMOS image sensors for consumer and
commercial applications, including mobile phones, tablets and
entertainment devices, notebooks and webcams, security and
surveillance systems, digital still and video cameras, automotive
and medical imaging systems. Additional information is available at
www.ovt.com.
Forward-Looking Statements
The matters discussed herein may contain forward-looking
statements that are subject to risks and uncertainties. You can
typically identify forward-looking statements by the use of
forward-looking words, such as "may," "should," "could," "project,"
"believe," "anticipate," "expect," "estimate," "continue,"
"potential," "plan," "forecast" and other words of similar import.
Stockholders are cautioned that any forward-looking statements are
not guarantees of future performance and may involve significant
risks and uncertainties, and that actual results may vary
materially from those in the forward-looking statements. These
risks and uncertainties could cause such forward-looking statements
and OmniVision's actual results to differ materially. In evaluating
these forward-looking statements, you should specifically consider
various factors, including the factors listed in the "Risk Factors"
section of OmniVision's Annual Report on Form 10-K for the fiscal
year ended April 30, 2015 and its
most recent quarterly reports filed on Form 10-Q. These factors may
cause OmniVision's results to differ materially from any
forward-looking statement. Forward-looking statements are only
predictions and actual events or results may differ materially.
OmniVision disclaims any obligation to update information contained
in any forward-looking statement.
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SOURCE OmniVision Technologies, Inc.