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OmniVision Technologies Inc announces receipt of non-binding acquisition proposal


Thursday, 14 Aug 2014 09:00am EDT 

OmniVision Technologies Inc:Announced board received preliminary non-binding proposal letter Aug. 12 from Hua Capital Management Ltd.Pursuant to which group of investors led by HCM proposes to acquire all of outstanding shares of common stock of Company in cash, at $29.00 per share.Says investment group led by HCM includes Shanghai Pudong Science and Technology Investment Co. Ltd., wholly state-owned ltd liability company, established directly under Pudong New Area government of Shanghai.Company's board of directors is reviewing and evaluating HCM's proposal.Says no decision has been made with respect to the proposed transaction.Says there can be no assurance that any definitive offer will be made, that any agreement will be executed or that this or any other transaction will be approved or consummated. 

Company Quote

25.84
-0.41 -1.56%
4:00pm EDT