OM GROUP SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces that a Complaint has been filed against OM Group Inc. (OMG) Over the Proposed Sale of the Company to Apollo Global Management Affiliates
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of OM Group Inc. (OMG)
Jun 10, 2015, 06:45 ET
NEW YORK, June 10, 2015 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of OM Group Inc. ("OM Group" or the "Company") (NYSE: OMG) for potential breaches of fiduciary duties in connection with the sale of the Company to Apollo Global Management, LLC affiliates. A complaint has been filed in Delaware state court against the Company with respect to the transaction.
The Company's stockholders will only receive $34.00 for each share of OM Group common stock they own. However, at least one financial analyst has set a price target of $37.00 for shares of the Company.
Click here for more information: www.faruqilaw.com/OMG. There is no cost or obligation to you.
The investigation focuses on whether OM Group's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of OM Group shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.
If you own common stock in OM Group and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/OMG or contact Juan E. Monteverde, Esq. either via e-mail at [email protected] or by telephone at (877) 247-4292 or (212) 983-9330.
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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