August 25, 2014 (Shareholders Foundation) - An investigation on behalf of investors in OmniVision Technologies, Inc. (NASDAQ:OVTI) shares was announced concerning whether a potential takeover of OmniVision Technologies, Inc. would be unfair to investors in NASDAQ:OVTI shares.

The investigation by a law firm is at an early stage and concerns whether a takeover would be unfair to NASDAQ:OVTI investors.

On August 14, 2014, OmniVision Technologies, Inc. (NASDAQ: OVTI), announced that its board of directors has received a preliminary non-binding proposal letter dated August 12, 2014 from Hua Capital Management Ltd. (HCM), a Beijing-based investment management company, pursuant to which a group of investors led by HCM proposes to acquire all of the outstanding shares of common stock of the Company in cash, at US$29.00 per share.

However, given that at least one analyst has set the high target price for NASDAQ:OVTI shares at $32.00 per share, the investigation a law firm concerns whether the OmniVision Technologies Board of Directors will undertake an adequate sales process, adequately shop the company before entering into any transaction, maximize shareholder value by negotiating the best price, and act in the shareholders' best interests in connection with the proposed sale.

OmniVision Technologies, Inc. (NASDAQ:OVTI) reported that its Total Revenue rose from over $1.4 billion for the 12 months period that ended on April 30, 2013 to over $1.45 billion for the 12 months period that ended on April 30, 2014 and that its respective Net Income increased from $42.90 million to $95.00 million . Shares of OmniVision Technologies, Inc. (NASDAQ:OVTI) grew from $12.39 per share in April 2013 to as high as $24.03 per share in June 2014.

On August 22, 2014, NASDAQ:OVTI shares closed at $27.24 per share.