Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Otix Global, Inc. (“Otix” or the “Company”) (Nasdaq: OTIX) relating to the proposed acquisition by William Demant Holding.
Under the terms of the offer, OTIX shareholders would receive cash of $8.60 for each share of Otix stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law. The transaction appears to be unfair, in part, given that Otix may be required to pay $2 million if it terminates the transaction and, according to Yahoo! Finance, an analyst has set a price target for Otix stock at $15.00.
If you own shares of Otix and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at
, or by calling toll free 877-LEGAL-90.