Tripp Levy PLLC Investigates Management Buyout of OMNI Energy
04 Juin 2010 - 1:32PM
Business Wire
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.
Attorney advertising. Prior results do not guarantee a similar
outcome.
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