San Diego, CA -- (SBWIRE) -- 05/06/2015 -- An investigation on behalf of investors, who currently hold shares of OmniVision Technologies Inc (NASDAQ: OVTI), was announced concerning whether the takeover of OmniVision Technologies Inc by a consortium composed of Hua Capital Management Co., Ltd., CITIC Capital Holdings Limited, and GoldStone Investment Co., Ltd at $29.75 per share is unfair to NASDAQ: OVTI stockholders.

Investors who purchased shares of OmniVision Technologies Inc (NASDAQ: OVTI) and currently hold any of those NASDAQ: OVTI shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of OmniVision Technologies Inc breached their fiduciary duties owed to NASDAQ: OVTI investors in connection with the proposed acquisition.

On April 30, 2015 OmniVision Technologies Inc announced that it has entered into an agreement to be acquired by a consortium composed of Hua Capital Management Co., Ltd., CITIC Capital Holdings Limited, and GoldStone Investment Co., Ltd.. Under the terms of the agreement, OmniVision Technologies Inc (NASDAQ: OVTI) stockholders will receive $29.75 per share in cash, or a total of approximately $1.9 billion.

However, given that at least one analyst has set the high target price for NASDAQ:OVTI shares at $35.00 per share, the investigation concerns whether the offer is unfair to NASDAQ: OVTI stockholders. More specifically, the investigation concerns whether the OmniVision Technologies Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

OmniVision Technologies Inc reported that its Total Revenue rose from $897.73 million for the 12 months period that ended on April 30, 2012 to over $1.45 billion for the 12 months period that ended on April 30, 2014 and that its respective Net Income increased from $65.85 million to $95 million. Shares of OmniVision Technologies Inc (NASDAQ: OVTI) reached in April 2011 as high as $36.19 per share.

On May 4, 2015, NASDAQ: OVTI shares closed at $27.33 per share.

Those who are current investors in OmniVision Technologies Inc (NASDAQ: OVTI) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com