STEVENSON, Md., May 22, 2015 /PRNewswire/ -- 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
Omnicare, Inc. ("Omnicare" or the "Company") (NYSE: OCR) relating
to the proposed buyout of the Company by CVS Health Corporation,
Inc.
Under the terms of the transaction, Omnicare shareholders are
anticipated to receive $98.00 in cash
for each share of Omnicare common stock held. The transaction
may undervalue Omnicare 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 Omnicare stock at $104.00
per share.
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 Omnicare and believe that
the proposed buyout price is too low, or you would like to learn
more about the investigation being conducted by Brower Piven,
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.
CONTACT:
Charles J. Piven
Brower Piven, A Professional Corporation
1925 Old Valley Road
Stevenson, Maryland 21153
Telephone: 410-415-6616
hoffman@browerpiven.com
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visit:http://www.prnewswire.com/news-releases/shareholder-alert-brower-piven-commences-an-investigation-into-the-proposed-sale-of-omnicare-inc-and-encourages-investors-to-contact-the-firm-for-additional-information-300087980.html
SOURCE Brower Piven, A Professional Corporation