NEW YORK, July 8, 2019 /PRNewswire/ -- WeissLaw
LLP is investigating possible breaches of fiduciary duty
and other violations of law by the Board of Directors of OMNOVA
Solutions Inc. ("OMNOVA" or the "Company") (NYSE: OMN) in
connection with the proposed acquisition of the Company by
Synthomer Plc ("Synthomer"). Under the terms of the agreement, the
Company's shareholders will receive $10.15 in cash for each OMNOVA share they
own.
If you own OMNOVA shares and wish to discuss
this investigation or have any questions concerning this notice or
your rights or interests, please contact:
Joshua Rubin,
Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888)
593-4771
stockinfo@weisslawllp.com
Visit our
website
http://www.weisslawllp.com/omnova-solutions-inc/
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WeissLaw is investigating whether OMNOVA's Board acted to
maximize shareholder value prior to entering into the acquisition
agreement. Notably, OMNOVA shares have traded for as much as
$10.70, or $0.55 above the offer price. Additionally,
on that same day, the Company announced its tenth consecutive
quarter of year-over-year volume growth in its Specialty Solutions
segment. It reported net sales for Specialty Solutions of
$142.3 million in the second quarter
of 2019, representing an increase of $13.5
million, or 10.5%, year-over-year when compared to the
figures reported in the same period of the prior year.
WeissLaw is investigating whether OMNOVA's Board conducted a
fair process in agreeing to the proposed acquisition, whether the
proposed acquisition undervalues the Company, and whether all
material information related to the proposed acquisition is fully
and fairly disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for defrauded
clients and obtained important corporate governance relief in many
of these cases. If you have information or would like legal
advice concerning possible corporate wrongdoing (including insider
trading, waste of corporate assets, accounting fraud, or materially
misleading information), consumer fraud (including false
advertising, defective products, or other deceptive business
practices), or anti-trust violations, please email us at
stockinfo@weisslawllp.com
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SOURCE WeissLaw LLP
