NEW YORK, Feb. 28, 2020 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of AVX Corporation ("AVX" or the "Company") (NYSE: AVX) in connection with the proposed merger of the Company with Kyocera Corporation ("Kyocera"). Under the terms of the merger agreement, Kyocera, which already owns 72% of AVX's outstanding common stock, will acquire all AVX shares it doesn't already own for $21.75 per share in an all-cash tender offer.
If you own AVX shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
Or please contact:
Joshua Rubin, Esq.
1500 Broadway, 16th Floor
New York, NY 10036
WeissLaw is investigating whether the AVX Board acted to maximize shareholder value prior to entering into the merger agreement. Notably, according to the merger announcement, Kyocera anticipates leveraging AVX's strengths "in order to gain market share," and to further "its global strategy [and] laying out the framework for rapid expansion."
Given these facts, WeissLaw is concerned whether the proposed merger agreement undervalues the Company, whether the Board ran a fair process, and whether all material information related to the proposed merger is fully and fairly disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at firstname.lastname@example.org
View original content to download multimedia:http://www.prnewswire.com/news-releases/shareholder-alert-weisslaw-llp-investigates-avx-corporation-301013539.html
SOURCE WeissLaw LLP