A lawsuit was filed for investors in shares of OM Group, Inc. (NYSE:OMG) in effort to halt the proposed takeover and NYSE:OMG stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 06/23/2015 --An investor who currently holds shares of OM Group, Inc. (NYSE:OMG), filed a lawsuit in effort to halt the proposed takeover of OM Group, Inc. by affiliates of Apollo Global Management, LLC (NYSE: APO) for $34.00 per share.

Investors who purchased shares of OM Group, Inc. (NYSE:OMG) and currently hold any of those NYSE:OMG shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.

The plaintiff alleges that the defendants breached their fiduciary duties owed to NYSE:OMG stockholders by agreeing to sell OM Group, Inc. too cheaply via an unfair process to affiliates of Apollo Global Management, LLC .

On June 1, 2015, OM Group, Inc. (NYSE: OMG) announced that it has entered into an agreement to be acquired by funds managed by affiliates of Apollo Global Management, LLC (NYSE: APO) for $34.00 per share in cash.

However, the plaintiff claims that the proposed consideration NYSE: OMG unitholders will receive is grossly inadequate and undervalues OM Group, Inc. Indeed, at least one analyst has set the high target price for NYSE:OMG shares at $37.00 per share. In addition, the plaintiff claims that the process is also unfair to NYSE: OMG stockholders.

Those who are current investors in OM Group, Inc. (NYSE:OMG) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com