Grabar Law Office Investigates Claims Related To AVX Buyout By Kyocera
17 Marzo 2020 - 12:55PM
InvestorsHub NewsWire
Grabar Law Office Investigates
Claims Related To AVX Buyout By Kyocera
March 17, 2020 -- InvestorsHub NewsWire -- via
Grabar Law Office -- Grabar Law Office is investigating potential
claims against the Board of Directors of AVX Corporation (NYSE:
AVX) for possible breaches of fiduciary duty and other
violations of Delaware state law in connection with the proposed
sale of the Company to Kyocera
Corporation.
On February 21, 2020, AVX announced that it had
entered into a merger agreement, in which Kyocera will acquire "all
the outstanding shares of common stock of AVX not owned by Kyocera
pursuant to an all-cash tender offer for $21.75 per
share.
On March 2, 2020, AVX filed a
Solicitation/Recommendation Statement on Schedule 14D-9 with the
S.E.C. that revealed that the AVX’s Special Committee determined
that the value of Kyocera’s initial proposal was insufficient and
that the Special Committee believed the appropriate purchase price
should be in the range of $23.00 to $25.00 per
Share.
If you are an AVX shareholder and believe the
proposed buyout price is too low and want to learn more about your
rights, and how you and other shareholders may benefit,
contact jgrabar@grabarlaw.com or call
267-507-6085. $AVX
SOURCE: Grabar Law Office
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