Kaskela Law LLC: Investigation of Nexeo Solutions, Inc. on Behalf of Stockholders – NXEO
December 21 2018 - 11:30AM
Business Wire
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
http://kaskelalaw.com/case/nexeo/.
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
http://kaskelalaw.com/case/nexeo/.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20181221005344/en/
D. Seamus Kaskela, Esq.KASKELA LAW LLC201 King of Prussia
RoadSuite 650Radnor, PA 19087(888) 715-1740(484)
258-1585skaskela@kaskelalaw.comwww.kaskelalaw.com
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