PHILADELPHIA, March 17, 2020 /PRNewswire/ -- 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
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SOURCE Grabar Law Office