PHILADELPHIA, March 17, 2020 /PRNewswire/ -- Grabar Law Office is investigating potential claims against the Board of Directors of AVX Corporation 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
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.