WILMINGTON, Del., May 1, 2015 /PRNewswire/ -- Rigrodsky & Long, P.A.:


    --  Do you own shares of OmniVision Technologies, Inc. (NASDAQ GS: OVTI)?
    --  Did you purchase any of your shares prior to April 30, 2015?
    --  Do you think the proposed buyout price is too low?
    --  Do you want to discuss your rights?

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of OmniVision Technologies, Inc. ("OmniVision" or the "Company") (NASDAQ GS: OVTI) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry 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. (collectively, the "Consortium"), in a transaction valued at approximately $1.9 billion.

Click here to learn more: http://rigrodskylong.com/investigations/omnivision-technologies-inc-ovti.

Under the terms of the agreement, public shareholders of OmniVision would receive $29.75 in cash for each share of OmniVision they own.

The investigation concerns whether OmniVision's board of directors failed to adequately shop the Company and obtain the best possible value for OmniVision's shareholders before entering into an agreement with the Consortium. According to Yahoo! Finance, at least one analyst has issued a price target for OmniVision stock at $35.00 per share.

If you own the common stock of OmniVision and purchased your shares before April 30, 2015, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com, or at: http://rigrodskylong.com/investigations/omnivision-technologies-inc-ovti.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

Attorney advertising. Prior results do not guarantee a similar outcome.

CONTACT:

Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/omnivision-technologies-inc-shareholder-alert-rigrodsky--long-pa-announces-investigation-of-buyout-300076245.html

SOURCE Rigrodsky & Long, P.A.