NEW YORK, Sept. 21, 2018 /PRNewswire/ -- WeissLaw LLP is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of Nexeo Solutions Inc.
("NXEO" or the "Company") (NASDAQ: NXEO) in connection with the
proposed acquisition of the Company by Univar Inc ("UNVR") (NASDAQ:
UNVR). Under the terms of the acquisition agreement, NXEO
shareholders will be entitled to receive $3.29 in cash and 0.305 of a UNVR share for each
NXEO share they own. This implies consideration of
$11.64, based on UNVR's September 14 closing price.
Owners of NXEO shares wishing to discuss this
investigation or having
any questions concerning this
notice or your rights or interests, please contact:
Joshua
Rubin
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(888)593-4771
stockinfo@weisslawllp.com
Or visit our
website
http://www.weisslawllp.com/nexeo-solutions-inc/
WeissLaw is investigating whether NXEO's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, the per-share cash consideration only offers NXEO
shareholders a 15% premium over the Company's September 14 closing price, and is approximately
$2.50 less than the analyst target
price of $14.00.
Additionally, NXEO recently announced positive financial result
for the third quarter of fiscal year 2018. It reported annual
growth of 11% in revenue, gross profit increase of 17%, and
adjusted EBITDA increase of 10% year-over-year.
Given these facts, WeissLaw is investigating whether NXEO's
Board acted in the best interests of NXEO's public shareholders to
maximize shareholder value prior to entering into the
agreement. If you own NXEO shares and would like more
information about your rights or our investigation, or if you have
information to share with us, please contact Joshua Rubin by telephone at
(888) 593-4771 or by email at
stockinfo@weisslawllp.com.
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SOURCE WeissLaw LLP