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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Nexeo Solutions, Inc. (NASDAQCM: NXEO) to Univar Inc. (NYSE: UNVR). Under the terms of the transaction, Nexeo shareholders will receive 0.305 shares of Univar common stock and $3.29 in cash for each share of Nexeo stock they own; this represents a value of approximately $11.65 per share.
The Nexeo merger investigation concerns whether the Board of Nexeo breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Univar is underpaying for Nexeo shares, thus unlawfully harming Nexeo shareholders.
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