Energy News / Shareholders Foundation, Inc.

NASDAQ:NXEO Shareholder Notice: Investigation over Acquisition of Nexeo Solutions, Inc

Via: ReleaseWire

Updated 11:15 AM CST, Tue, January 29,2019

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 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.

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

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.

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Media Relations Contact
Michael Daniels
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