An investigation on behalf of investors of Nexeo Solutions, Inc. (NASDAQ: NXEO) in connection with the proposed takeover was announced.
San Diego, CA -- (SBWIRE) -- 01/29/2019 -- An investigation was announced concerning potential wrongdoing in connection with the takeover of Nexeo Solutions, Inc.
Investors who purchased shares of Nexeo Solutions, Inc. (NASDAQ: NXEO) and currently hold any of those NASDAQ: NXEO shares have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of Nexeo Solutions, Inc. breached their fiduciary duties owed to NASDAQ: NXEO investors in connection with the proposed acquisition.
The Woodlands, TX based Nexeo Solutions, Inc. operates as a chemical and plastic products distributor in North America, Europe, the Middle East, Africa, and Asia. It operates through Chemicals, Plastics, and Environmental Services segments. On Sept. 17, 2018, Univar Inc. (NYSE: UNVR) and Nexeo Solutions, Inc. (NASDAQ: NXEO) announced they have entered into a definitive agreement for Univar to acquire Nexeo in a cash and stock transaction valued at approximately $2.0 billion, including the assumption of Nexeo's debt and other obligations, or $11.65 per Nexeo share, subject to adjustment as described below.
However, given that at least one analyst has set the high price target for NASDAQ: NXEO shares at $14.00 per share, the investigation concerns whether the offer is unfair to NASDAQ: NXEO stockholders. More specifically, the investigation concerns whether the Nexeo Solutions 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.
Those who are current investors in Nexeo Solutions, Inc. (NASDAQ: NXEO) shares have certain options and should contact the Shareholders Foundation.
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