AVX Corporation (AVX)
AVX ALERT - Bronstein, Gewirtz & Grossman, LLC Announces Investigation of AVX Corporation
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims against the Board of Directors of AVX Corporation (“AVX” or "the Company") (NYSE: AVX) for possible breaches of fiduciary duty and other violations of state law in connection with the proposed sale of the Company to Kyocera Corporation ("Kycocera").
On February 21, 2020, AVX announced that it had entered into a definitive 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 (the "Tender Offer"), followed by a squeeze-out merger in which all of the outstanding shares of AVX common stock not tendered in the Tender Offer (other than shares owned by holders who validly seek appraisal or shares already held by Kyocera) will be converted into the right to receive $21.75 per share of common stock, in cash (the "Transaction"). Kyocera currently owns approximately 72% of the outstanding shares of AVX common stock. Following completion of the Transaction, AVX will become a wholly owned subsidiary of Kyocera.”
If you are a AVX shareholder and believe the proposed buyout price is too low, you can learn more about the investigation by contacting Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.