BALA CYNWYD, PA / ACCESSWIRE / July 3, 2019 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of OMNOVA Solutions, Inc. ("OMN" or "the Company") (NYSE:OMN -News) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to Synthomer plc ("Synthomer").
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Under the terms of the transaction, OMNOVA shareholders will receive only $10.15 in cash for each share of OMNOVA stock they own. The investigation concerns whether the Board of OMNOVA breached their fiduciary duties to shareholders and whether Synthomer is underpaying for the Company. The transaction may undervalue the Company and would result in a loss for many OMNOVA shareholders. For example, OMNOVA stock has traded at $11.05 per share and an analyst has set a price target for the stock at $13.00 per share.
If you own shares of OMNOVA stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://www.brodskysmith.com/cases/omnova-solutions-inc-nyse-omn/, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE: Law office of Brodsky & Smith, LLC
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