Kaskela Law LLC: Investigation of Nexeo Solutions, Inc. on Behalf of Stockholders – NXEO
RADNOR, Pa.--(BUSINESS WIRE)--Dec 21, 2018--Kaskela Law LLC is investigating Nexeo Solutions, Inc. (“Nexeo” or the “Company”) (NASDAQ: NXEO) on behalf of the Company’s stockholders.
Additional information about this investigation may be found at .
On September 17, 2018, Nexeo announced that it had agreed to be acquired by Univar Inc. (“Univar”). According to the announcement, Nexeo stockholders would receive up to $3.29 per share in cash, and fractional shares of Univar stock, in exchange for their shares of Nexeo common stock.
On December 17, 2018, Univar filed an Amended Registration Statement to provide additional details about the proposed transaction. Therein, and due to an approximate 25% decline in the value of Univar’s shares since the time the proposed transaction was announced, Univar reported that “the per share value of Nexeo common stock implied by the merger consideration is $8.72, representing cash consideration of $2.88 and stock consideration with an implied value of $5.84.”
The investigation seeks to determine whether the proposed transaction as structured undervalues Nexeo’s shares, and whether Nexeo’s Board of Directors violated the securities laws and/or breached their fiduciary duties to stockholders in connection with the proposed transaction.
Nexeo stockholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (888) 715 – 1740 to discuss this investigation and their legal rights and options. Additional information about this investigation may also be found at .
Kaskela Law LLC exclusively represents stockholders in state and federal actions throughout the country. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com.
This notice may constitute attorney advertising in certain jurisdictions.
View source version on businesswire.com:https://www.businesswire.com/news/home/20181221005344/en/
CONTACT: D. Seamus Kaskela, Esq.
KASKELA LAW LLC
201 King of Prussia Road
Radnor, PA 19087
KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: Kaskela Law LLC
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PUB: 12/21/2018 11:30 AM/DISC: 12/21/2018 11:30 AM