SANTA CLARA, Calif.,
Oct. 6, 2015 /PRNewswire/ --
OmniVision Technologies, Inc. (Nasdaq: OVTI) ("OmniVision"), a
leading developer of advanced digital imaging solutions, today
announced that it has received notice from the Committee on Foreign
Investment in the United States
("CFIUS") that it has concluded its review of the proposed
acquisition of OmniVision by a consortium composed of Hua Capital
Management Co., Ltd., CITIC Capital Holdings Limited, and GoldStone
Investment Co., Ltd., and determined that there are no unresolved
national security concerns with respect to the proposed
acquisition. The proposed acquisition remains subject to the
receipt of certain foreign antitrust and regulatory approvals, as
well as other customary closing conditions. OmniVision expects the
proposed acquisition to close in the third or fourth fiscal quarter
of fiscal year 2016.
About OmniVision
OmniVision Technologies, Inc. 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, including in any exhibits hereto,
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.