NEW YORK, April 30, 2015 /PRNewswire/ -- Wolf Popper LLP is investigating claims on behalf of investors in OmniVision Technologies, Inc. ("OmniVision") (NASDAQ: OVTI), concerning the proposed acquisition of OmniVision by a consortium of investors, composed of Hua Capital Management Co., Ltd., CITIC Capital Holdings Limited, and GoldStone Investment Co., Ltd. OmniVision shareholders seeking more information about this acquisition can contact Carl Stine at (212) 759-4600 or [email protected].
The investigation concerns whether OmniVision's directors are breaching their fiduciary duties by failing to adequately maximize shareholder value. 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. However, the offer price is below a widely used financial multiple for similar transactions.
Wolf Popper LLP has extensive experience representing investors in mergers and acquisition lawsuits and has successfully ensured that investors receive the maximum compensation. Twelve Wolf Popper attorneys were named Rising Stars or Super Lawyers in the 2014 Super Lawyers New York City Metro Edition, including Wolf Popper partner Carl Stine, who was included in the Super Lawyers Top 100 List for the New York City Metro area. View Wolf Popper attorney biographies at www.wolfpopper.com.
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SOURCE Wolf Popper LLP