SAN DIEGO and CLEVELAND,
June 17, 2015 /PRNewswire/
-- Shareholder rights attorneys at Robbins Arroyo LLP are
investigating the recently proposed acquisitioned of OM Group Inc.
(NYSE: OMG) by certain funds managed by affiliates of Apollo Global
Management LLC (NYSE: APO). The merger agreement, which was
announced on June 1, 2015, will
provide OM Group shareholders with $34.00 in cash for each share of OM Group common
stock.
View this information on the law firm's Shareholder Rights Blog:
www.robbinsarroyo.com/noteworthy-cases/om-group-inc
Is the Proposed Acquisition Fair for OM Group
Shareholders?
Robbins Arroyo LLP is investigating the process that OM Group's
board of directors undertook in agreeing to sell the company and
whether the board sought to obtain the maximum value for
shareholders.
The $34.00 merger consideration is
significantly below a $49.00 target
price set by an APB Financial Group analyst in March
2015. Financial analysts at BB&T Capital Markets and
Northcoast Research have also appraised OM Group stock above the
merger consideration, with target prices of $37.00 and $35.00,
respectively. Moreover, the merger consideration's 17.9% premium,
based on OM Group's closing price on May 1,
2015, is well below the average one month premium of 27% for
comparable transactions within the past five years.
OM Group shareholders have the option to file a class action
lawsuit to ensure the board of directors obtains the best possible
price for shareholders and the disclosure of material information.
OM Group shareholders interested in information about their rights
and potential remedies can contact attorney Darnell R. Donahue at (800) 350-6003,
ddonahue@robbinsarroyo.com, or via the shareholder information form
on the firm's website.
Robbins Arroyo LLP is a nationally recognized leader in
securities litigation and shareholder rights law. The law firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits, and has helped its
clients realize more than $1 billion
of value for themselves and the companies in which they have
invested.
Attorney Advertising. Past results do not guarantee a
similar outcome.
Contact:
Darnell R. Donahue
Robbins Arroyo LLP
600 B Street, Suite 1900
San Diego, CA 92101
ddonahue@robbinsarroyo.com
(619) 525-3990 or Toll Free (800) 350-6003
www.robbinsarroyo.com
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SOURCE Robbins Arroyo LLP