An investigation on behalf of investors of OMNOVA Solutions Inc. (NYSE: OMN) in connection with the proposed takeover was announced and NYSE: OMN stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 07/26/2019 -- An investigation was announced concerning whether the takeover of OMNOVA Solutions Inc. is unfair to NYSE: OMN stockholders.
Investors who purchased shares of OMNOVA Solutions Inc. (NYSE: OMN) and currently hold any of those NYSE: OMN shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of OMNOVA Solutions Inc. breached their fiduciary duties owed to NYSE: OMN investors in connection with the proposed acquisition.
Beachwood, OH based OMNOVA Solutions Inc. provides specialty solutions and performance materials for various commercial, industrial, and residential end uses in the United States, Europe, and Asia. On uly 3, 2019, OMNOVA Solutions Inc. (NYSE: OMN) announced that it has entered into an agreement to be acquired by Synthomer plc for $10.15 per share in cash.
However, given that at least one analyst has set the high target price for NYSE: OMN shares at $13.00 per share, the investigation concerns whether the offer is unfair to: OMN stockholders. More specifically, the investigation concerns whether the OMNOVA Solutions Inc. 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.
On July 25, 2019, NYSE: OMN shares closed at $9.95 per share.
Those who are current investors in OMNOVA Solutions Inc. (NYSE: OMN) shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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