An investigation on behalf of investors in Nexeo Solutions, Inc. (NASDAQ: NXEO) shares over potential wrongdoing at Nexeo Solutions, Inc. was announced and NASDAQ: NXEO stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 02/26/2019 -- An investigation was announced for current long-term investors in shares of Nexeo Solutions, Inc. (NASDAQ: NXEO) concerning potential breaches of fiduciary duties by certain directors at 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 firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Nexeo Solutions, Inc directors breached their fiduciary duties and caused damage to the company and its shareholders.
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.
Nexeo Solutions, Inc. reported that its Total Revenue rose from over $3.63 billion for the 12 months period that ended on September 30, 2017 to over $4.03 billion for the 12 months period that ended on September 30, 2018.
Shares of Nexeo Solutions, Inc. (NASDAQ: NXEO) reached as high as $12.52 per share on September 21, 2018. Since then NASDAQ: NXEO shares declined to as low as $7.99 per share on December 24, 2018.
On February 25, 2019, NASDAQ: NXEO shares closed at $10.17 per share.
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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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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