Overhill Farms, Inc. Merger Litigation (NYSE: OFI)
SHAREHOLDER ALERT: Law Office of Brodsky & Smith, LLC Announces Investigation of Overhill Farms, Inc. - OFI
BALA CYNWYD, May 16, 2013 /PRNewswire/ –Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Overhill Farms, Inc. (“Overhill Farms” or the “Company”) (NYSE MKT- OFI-News) relating to the proposed acquisition by Bellisio Foods, Inc. (“Bellisio”).
Under the terms of the transaction Overhill Farms shareholders will receive only $5.00 in cash for each share of Overhill Farms stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Overhill Farms for not acting in the Company’s shareholders' best interests in connection with the sale process. The offer may undervalue the Company and result either in a loss or a minimal gain for many long term Overhill Farms shareholders. Overhill Farms stock traded at $4.76 per share as recently as August 16, 2012 and traded at $6.22 per share on May 18, 2011. In addition, an analyst has set a price target for Overhill Farms stock at $10.00 per share.
If you own shares of Overhill Farms stock and wish to discuss the legal ramifications of the proposed transaction, 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 602, Bala Cynwyd, PA 19004, by e-mail at email@example.com, 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 case 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 successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
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