Univar Solutions (UNVR) M&A Case

D. Delaware

Court

1:23-cv-00545

Case number

07/17/2023

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

Univar Solutions (UNVR) M&A Case

Collecting participants…