We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Univar Solutions Inc. (“Univar” or the “Company”) (NYSE: UNVR) in connection with its proposed acquisition by Apollo Global Management, Inc. (NYSE: APO) and affiliates (“Apollo Funds”). Under the merger agreement, the Company’s shareholders will receive $36.15 in cash for each Univar share, valuing UNVR at $8.1 billion. The transaction includes a minority investment from the Abu Dhabi Investment Authority ("ADIA").
Weiss Law is investigating whether (i) Univar’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $36.15 per share merger consideration adequately compensates Univar’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed. Notably, the merger consideration is below the $37 median price target set by analysts, and at least one analyst set a price target for the Company of $42 per share, $5.85 above the merger price.