SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of OmniVision Technologies, Inc. And Encourages Investors To Contact The Firm For Additional Information

STEVENSON, Md.--()--The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of OmniVision Technologies, Inc. (“OmniVision” or the “Company”) (Nasdaq: OVTI) relating to the proposed buyout of the Company by a consortium of private equity investors based in China.

Under the terms of the transaction, OmniVision shareholders are anticipated to receive $29.75 in cash for each share of OmniVision common stock held. The transaction may undervalue OmniVision and may result in a substantial loss for many shareholders. For example, according to Yahoo! Finance, at least one Wall Street analyst has issued a price target for OmniVision stock at $35.00 per share, or $5.25 above the offer price.

The firm’s investigation seeks to determine, among other things, whether the Company’s Board of Directors failed to satisfy their duties to shareholders, including whether the Board adequately pursued alternatives to the acquisition and whether the Board obtained the best price possible for the Company’s shares of common stock.

If you currently own common stock of OmniVision and would like to learn more about the investigation being conducted by Brower Piven, without cost or obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at hoffman@browerpiven.com or by telephone at (410) 415-6616.

Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.

Contacts

Brower Piven, A Professional Corporation
Charles J. Piven, 410-415-6616
1925 Old Valley Road
Stevenson, Maryland 21153
hoffman@browerpiven.com

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