OCZ Technology Group Inc Buyout Rumors Triggers Stockholder Investigation

An investigation on behalf of investors of OCZ Technology Group Inc. in connection with takeover rumors was announced and NASDAQ-OCZ stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com
By: Shareholders Foundation, Inc.
 
June 8, 2011 - PRLog -- After a media report said that OCZ Technology Group might be a takeover target an investigation on behalf of investors of OCZ Technology Group Inc.  over possible breaches of fiduciary duties was announced.

If you are a current investor in OCZ Technology Group Inc.  shares, and/or have any information relating the investigation, you have certain options and you should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm is at a preliminary stage and monitors the takeover rumors. It concerns whether OCZ Technology Group Inc, certain of its officers and directors, and/or others breach their fiduciary duties owed to OCZ Technology Group Inc.  investors in connection with the takeover rumors or in the event of a takeover.

Shares of OCZ Technology Group Inc. (NASDAQ OCZ) rose on May 31 to $8.63 after media reports indicated that Ocz Technology Group could be an attractive takeover target based on sector deals.  

Indeed, OCZ Technology Group’s financial performance improved over the past years. Its 12months Total Revenue rose in the past four filing periods from $118.35million to $190.12million.

Therefore the investigation by a law firm questions whether a potential sale process and the potential price would be unfair to the shareholders of OCZ Technology Group Inc. . The investigation focuses whether the OCZ Technology Group board of directors will in the event of a takeover undertake an adequate and fair sales process to obtain fair consideration for all shareholders of OCZ Technology Group Inc.  and will breach their fiduciary duties to OCZ Technology Group (OCZ) shareholder by failing to adequately shop the Company before entering into any transaction. In addition the investigation seeks also to determine if any officer, director or any insiders violated any laws in connection with the takeover rumors. The investigation concerns also whether the acquirer would underpay for NASDAQ-OCZ shares, thus unlawfully harming OCZ Technology Group investors. A potential class action lawsuit would seek to maximize the amount of money and information OCZ shareholders would receive in a buyout, so the law firm.

Those who are current investors in OCZ Technology Group Inc. (Public, NASDAQ- OCZ) common shares, and/or have any information relating the investigation, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

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The Shareholders Foundation, Inc. is a professional portfolio monitoring service and an investor advocacy group. We do research related to shareholder issues and inform investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. At Shareholders Foundation, Inc. we are in contact with a large number of shareholders. We believe that together we can combine the interests of many investors, and use the size of our interest as leverage against the giant corporations. We offer help, support, and assistance for every shareholder. We help investors find answers to their questions and equitable solutions to their problems. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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Source:Shareholders Foundation, Inc.
Email:***@shareholdersfoundation.com Email Verified
Zip:92108
Tags:Ocz, OCZ Technology, Ocz Technology Group, NASDAQ:OCZ, Investor, Investigation, Stocks, Stock Market, Takeover, Acquisition
Industry:Banking, Business, Financial
Location:San Diego - California - United States
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