Provided By PR Newswire
Last update: Jun 22, 2022
NEW YORK, June 22, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Ocean Bio-Chem, Inc. ("Ocean Bio" or the "Company") (NASDAQ: OBCI), in connection with the proposed acquisition of the Company and its affiliate, Star Brite Europe, Inc., by OneWater Marine Inc. (NASDAQ: ONEW). Under the terms of the merger agreement, the Company's shareholders will receive $13.08 in cash for each share of Ocean Bio common stock owned. The transaction is valued at approximately $125 million.
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