SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of Omnicare, Inc. And Encourages Investors To Contact The Firm For Additional Information

May 22, 2015, 20:00 ET from Brower Piven, A Professional Corporation

STEVENSON, Md., May 22, 2015 /PRNewswire/ -- The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Omnicare, Inc. ("Omnicare" or the "Company") (NYSE: OCR) relating to the proposed buyout of the Company by CVS Health Corporation, Inc.

Under the terms of the transaction, Omnicare shareholders are anticipated to receive $98.00 in cash for each share of Omnicare common stock held.  The transaction may undervalue Omnicare and may result in a substantial loss for many shareholders.   For example, according to Yahoo! Finance, at least one Wall Street analyst has issued a price target for Omnicare stock at $104.00 per share.

The firm's investigation seeks to determine, among other things, whether the Company's Board of Directors failed to satisfy their duties to shareholders, including whether the Board adequately pursued alternatives to the acquisition and whether the Board obtained the best price possible for the Company's shares of common stock.

If you currently own common stock of Omnicare and believe that the proposed buyout price is too low, or you would like to learn more about the investigation being conducted by Brower Piven, please visit our website at  You may also request more information by contacting Brower Piven either by email at or by telephone at (410) 415-6616.

Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.

CONTACT: Charles J. Piven Brower Piven, A Professional Corporation 1925 Old Valley Road Stevenson, Maryland 21153 Telephone: 410-415-6616

SOURCE Brower Piven, A Professional Corporation