Wolf Popper LLP Investigates Claims That the Proposed Acquisition of OM Group, Inc. May Not Be In the Best Interests of Its Investors
PR Newswire
NEW YORK, June 1, 2015
NEW YORK, June 1, 2015 /PRNewswire/ — Wolf Popper LLP is investigating claims on behalf of investors in OM Group, Inc. (“OM Group”) (NYSE: OMG), concerning the proposed acquisition of OM Group by affiliates of a private equity firm, Apollo Global Management, LLC. (NYSE: APO). OM Group shareholders seeking more information about this acquisition can contact Carl Stine at (212) 759-4600 or cstine@wolfpopper.com.
The investigation concerns whether OM Group’s directors are breaching their fiduciary duties by failing to adequately maximize shareholder value. Under the terms of the proposed transaction, OM Group’s shareholders will receive $34.00 per share in cash for each OM Group share they own. The proposed transaction has a preliminary equity value of approximately $1 billion. However, the offer price is significantly below the median analyst price target of $40.33 per share and below one analyst price target of $49.00 per share.
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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Wolf Popper LLP
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Telephone: 212-759-4600
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Email: cstine@wolfpopper.com
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SOURCE Wolf Popper LLP
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