Morgan & Morgan Announces Investigation of the Fairness of the Proposed Acquisition of OmniVision Technologies, Inc. - OVTI

NEW YORK, May 7, 2015 /PRNewswire/ -- Morgan & Morgan announces that it is investigating potential claims against the board of directors of OmniVision Technologies, Inc. ("OmniVision" or the "Company") (NasdaqGS: OVTI) concerning possible breaches of fiduciary duty and other violations of law related to the proposed acquisition of the Company by a consortium of investors, composed of Hua Capital Management Co., Ltd., CITIC Capital Holdings Limited, and GoldStone Investment Co., Ltd.

If you own shares of OmniVision and would like to learn more about the OmniVision investigation, you may contact Morgan & Morgan at 1(800) 732-5200 or email info@morgansecuritieslaw.com.

Under the terms of the proposed transaction, OmniVision's shareholders will receive $29.75 per share in cash for each OmniVision share they own. The proposed transaction has a value of approximately $1.9 billion

About Morgan & Morgan

Morgan & Morgan is one of the nation's largest 200 law firms. In addition to shareholder rights, the firm also practices in the areas of antitrust, personal injury, consumer protection, overtime, and product liability. All of the Firm's legal endeavors are rooted in its core mission: provide investor and consumer protection and always fight "for the people."

Attorney advertising.  Prior results do not guarantee a similar outcome.

Contact:
Morgan & Morgan
Peter Safirstein, Esq.
28 West 44th Street
Suite 2001
New York, NY  10036
1-800-732-5200
info@morgansecuritieslaw.com

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/morgan--morgan-announces-investigation-of-the-fairness-of-the-proposed-acquisition-of-omnivision-technologies-inc---ovti-300079607.html

SOURCE Morgan & Morgan

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.