SHAREHOLDER ALERT: Pomerantz LLP Investigates Claims That the Merger May Not Be in the Best Interest of Investors of OM Group, Inc. - OMG
NEW YORK, June 1, 2015 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of OM Group, Inc. ("OM Group" or the "Company") (NYSE: OMG) (ISIN: US6708721005) (CUSIP: 670872100) concerning the proposed acquisition of OM Group by funds managed by affiliates of Apollo Global Management, LLC.
OM Group shareholders seeking more information about this acquisition are advised to contact Robert Willoughby at [email protected] or 212-661-1100 or 888-476-6529, ext. 237.
The investigation concerns whether the OM Group directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value. Under the terms of the proposed transaction, OM Group shareholders will receive $34.00 per share in cash for each share of OM Group common stock. However, the Total Assets and Revenue multiples are below the averages of comparable transactions, according to a Bloomberg analysis. Additionally, the $34.00 per share offer price is below a recent analyst target price of $49.00 per share.
Pomerantz LLP, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz LLP pioneered the field of securities class actions. Today, more than 75 years later, the Pomerantz LLP continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of defrauded investors. See www.pomerantzlaw.com.
CONTACT:
Robert Willoughby
Pomerantz LLP
212-661-1100 ext. 237
[email protected]
SOURCE Pomerantz LLP
Share this article