An investigation on behalf of investors of A Schulman Inc (NASDAQ:SHLM) in connection with the proposed takeover was announced.
San Diego, CA -- (SBWIRE) -- 02/20/2018 -- An investigation was announced for investors, who currently hold shares of A Schulman Inc (NASDAQ:SHLM), over whether the takeover of A Schulman Inc by LyondellBasell is unfair to NASDAQ:SHLM stockholders.
Investors who purchased shares of A Schulman Inc (NASDAQ:SHLM) and currently hold any of those NASDAQ:SHLM 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 directors of A Schulman Inc breached their fiduciary duties owed to NASDAQ:SHLM investors in connection with the proposed acquisition.
Fairlawn, OH based A. Schulman, Inc. is an international supplier of plastic formulations, resins and services, and provides solutions to its customers' requirements through custom-formulated products. On February 15, 2018, LyondellBasell (NYSE: LYB) and A. Schulman, Inc.(NASDAQ: SHLM) announced that they have entered into an agreement under which LyondellBasell will acquire A. Schulman for a total consideration of $2.25 billion. Under the terms of the agreement, LyondellBasell will purchase 100 percent of A. Schulman common stock for $42 per share in cash and one contingent value right per share and assume outstanding debt and certain other obligations.
However, the investigation concerns whether the offer is unfair to NASDAQ:SHLM stockholders. More specifically, the investigation concerns whether the A Schulman 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.
Shares of A Schulman Inc (NASDAQ:SHLM) closed on February 16, 2018 at $42.70 per share.
Those who are current investors in A Schulman Inc (NASDAQ:SHLM) shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
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