SAN DIEGO, Oct. 6, 2017 /PRNewswire/ -- Shareholder
rights law firm Johnson Fistel, LLP has launched an investigation
into whether the board members of Omega Protein Corporation (NYSE:
OME) ("Omega Protein") breached their fiduciary duties in
connection with the proposed sale of the Company to Cooke Inc.
Omega Protein develops, produces, and delivers products to enhance
the nutritional integrity of foods, dietary supplements, and animal
feeds worldwide.
On October 6, 2017, Omega Protein
announced that it had signed a definitive merger agreement with
Cooke. Terms of the deal call for shareholders to receive
$22 per share for each share of Omega
Protein stock they own.
The investigation concerns whether the Omega Protein board
failed to satisfy its duties to the Company shareholders, including
whether the board adequately pursued alternatives to the
acquisition and whether the board obtained the best price possible
for Omega Protein shares of common stock. Nationally recognized
Johnson Fistel is investigating
whether the proposed deal price represents adequate consideration,
especially given one Wall Street analyst has a $26.00 price target on the stock. The
52-week high for Omega Protein is $26.99.
If you are a shareholder of Omega Protein and believe the
proposed buyout price is too low or you're interested in learning
more about the investigation or your legal rights and remedies,
please contact lead analyst Jim
Baker (jimb@johnsonfistel.com) at 619-814-4471. If
emailing, please include a phone number.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a nationally
recognized shareholder rights law firm with offices in California, New
York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonfistel.com. Attorney advertising. Past results do
not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
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SOURCE Johnson Fistel, LLP