Energy News / Shareholders Foundation, Inc.

AVX Corporation (NYSE: AVX) Investor Alert: Investigation of Takeover

Via: ReleaseWire

Updated 11:45 AM CST, Tue, January 14,2020

An investigation on behalf of investors of AVX Corporation (NYSE: AVX) in connection with the proposed takeover was announced and NYSE: AVX stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 01/14/2020 -- An investigation on behalf of investors, who currently hold shares of AVX Corporation (NYSE: AVX), was announced concerning whether the takeover of AVX Corporation is unfair to NYSE: AVX stockholders.

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

The investigation by a law firm concerns whether certain officers and directors of AVX Corporation breached their fiduciary duties owed to NYSE: AVX investors in connection with the proposed acquisition.

Foundtaion Inn, SC based AVX Corporation, together with its subsidiaries, manufactures, supplies, and resells various electronic components, interconnect devices, sensing and control devices, and related products worldwide

On about November 27, 2019, Kyocera Corporation ("Kyocera") announced that it made a proposal to the AVX Corporation special committee to acquire all outstanding shares of common stock of AVX Corporation that it does not already own for $19.50. Kyocera Corporation owns about 72% of AVX's outstanding shares, and controls AVX.

However, the investigation concerns whether the offer is unfair to NYSE: AVX stockholders. More specifically, the investigation concerns whether the AVX Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

AVX Corporation reported that its Total Revenue rose from over $1.56 billion for the 12 months period that ended on March 31, 2018 to over $1.79 billion for the 12 months period that ended on March 31, 2019 and that its Net Income increased from $4.91 million to $271.81 million over those time periods.

Shares of AVX Corporation (NYSE: AVX) reached at high as $21.19 per share in August 2018.

Those who are current investors in AVX Corporation (NYSE: AVX) 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

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

For more information on this press release visit:
http://www.sbwire.com/press-releases/avx-corporation-nyse-avx-investor-alert-investigation-of-takeover-1270735.htm

Media Relations Contact
Michael Daniels
1-858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com