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UNVR.US
id: 727
Univar Solutions (UNVR) M&A Case
The plaintiff has voluntarily dismissed the case, ending the lawsuit.
D. Delaware
Court1:23-cv-00545
Case number07/17/2023
Lead Plaintiff motion deadline- Apollo acquires Univar Solutions at $36.15 per share in cash.
- Investors suspect $UNVR of making false statements related to financial projections before the merger.
On March 14, 2023, Univar Solutions Inc. (NYSE: UNVR) and Apollo (NYSE: APO) announced that they entered into a definitive merger agreement where Apollo is to acquire Univar in an all-cash transaction that values the Company at an enterprise value of approximately $8.1 billion.
- The transaction includes a minority investment from a wholly-owned subsidiary of the Abu Dhabi Investment Authority.
- Univar Solutions shareholders will receive $36.15 per share in cash.
$UNVR investors may have reasons to suspect that Univar Solutions was making false statements related to financial projections before the merger.
Case Status
Voluntary Dismissed
Alleged Offence
Misleading Statements,
Financial Misrepresentation,
Failure to Disclose,
Malpractice,
Breach of Fiduciary duty,
Omissions
Suspected Party
Directors,
Management,
Investment Bank,
Service Provider
Security Type
Stocks
Trade Direction
Long
Shock Event Date
03/14/2023
Filing date
05/18/2023
Lead Plaintiff Deadline
07/17/2023