OMNI Omni Energy Svcs Corp (MM)

Tripp Levy PLLC announces an investigation into the proposed acquisition of OMNI Energy Services Corp. (NASDAQ: OMNI). On June 4, 2010, OMNI announced that it has entered into a definitive agreement under which OMNI’s CEO, Brian Recatto, along with two other directors of OMNI, and Wellspring Capital Management LLC ("Wellspring") will acquire all of OMNI's outstanding shares that they do not already own for $2.75 per share in cash. The total value of the transaction is approximately $122 million, including assumption of debt.

The investigation concerns, among other things, whether the consideration to be paid to OMNI shareholders is grossly unfair, inadequate, and substantially below the fair or inherent value of OMNI. The investigation further concerns whether the directors of OMNI may have breached their fiduciary duties by not acting in OMNI shareholders' best interests in connection with the sale process of OMNI.

If you own OMNI common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact

Tripp LevyTripp Levy PLLC125 East 82nd Street9th FloorNew York, New YorkToll Free: 877-772-3975Email: contact@tripplevy.com

Tripp Levy PLLC is a national law firm that specializes in mergers & acquisitions, takeover litigation, shareholder rights, and corporate governance matters in state and federal courts throughout the United States.

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