An investigation on behalf of investors, who currently hold shares of Omega Protein Corporation (NYSE:OME), was announced concerning whether the takeover of Omega Protein Corporation by Cooke Inc for $22.00 per share is unfair to NYSE:OME stockholders.

The investigation by a law firm concerns whether certain officers and directors of Omega Protein Corporation breached their fiduciary duties owed to NYSE:OME investors in connection with the proposed acquisition.

On October 6, 2017, Omega Protein Corporation announced that it had signed a merger agreement with Cooke Inc., a New Brunswick company and parent of Cooke Aquaculture Inc. Under the terms of the proposed transaction NYSE:OME shareholders will receive $22 per share for each share of Omega Protein stock they own.

However, the investigation concerns whether the offer is unfair to NYSE:OME stockholders. More specifically, the investigation concerns whether the Omega Protein Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
Omega Protein Corporation reported that its annual Total Revenue rose from $359.31 million in 2015 to $390.83 million in 2016 and that its Net Income increased from $23.98 million in 2015 to $32.91 million in 2016.

Shares of Omega Protein Corporation (NYSE:OME) reached as high as $25.95 per share in early February 2017.