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Ocean Bio-Chem, Inc. Investigation
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Ocean Bio-Chem, Inc. Investigation

We are 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.

Weiss Law is investigating whether (i) Ocean Bio’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $13.08 per-share merger consideration adequately compensates Ocean Bio’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.

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