Press release from Business Wire
Law Firm Brower Piven Announces Investigation of Omnicom Group, Inc. Proposed Merger
Wednesday, July 31, 2013
Law Firm Brower Piven Announces Investigation of Omnicom Group, Inc. Proposed Merger14:00 EDT Wednesday, July 31, 2013
STEVENSON, Md. (Business Wire) -- The securities litigation firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of Omnicom Group, Inc.(“Omnicom” or the “Company”) (NYSE: OMC) and other violations of state law by the board of directors of Omnicom relating to the proposed merger of the Company with Publicis Groupe SA. The firm's investigation seeks to determine, among other things, whether the board of directors of Omnicom breached their fiduciary duties by failing to maximize shareholder value.
According to the press release announcing the proposed merger, Omnicom shareholders will receive 0.813 newly issued ordinary shares of Publicis Omnicom Group for each Omnicom share they own, together with a special dividend of $2.00 per share. In addition, Omnicom shareholders will receive up to two regular quarterly dividends of $0.40 per share if declared and the record date occurs prior to closing.
If you currently own common stock of Omnicom and would like to learn more about the investigation being conducted by Brower Piven, you may email or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at email@example.com, by calling (410) 415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and other class action cases of over 60 years.
Brower Piven, A Professional Corporation
Charles J. Piven, 410-415-6616