An investigation for investors in NYSE:AXLL shares was announced concerning whether the takeover of Axiall Corp . by Westlake Chemical Corporation for $33.00 per share is unfair to NYSE:AXLL stockholders.
Investors who purchased shares of Axiall Corp (NYSE:AXLL) and currently hold any of those NYSE:AXLL shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain officers and directors of Axiall Corp breached their fiduciary duties owed NYSE:AXLL investors in connection with the proposed acquisition.
On June 10, 2016, Westlake Chemical Corporation and Axiall Corp announced that they have entered into an agreement under which Westlake will acquire all of the outstanding shares of Axiall for $33.00 per share in an all-cash transaction, representing an enterprise value of approximately $3.8 billion, including debt and certain other Axiall liabilities.
However, given that Axiall Corp (NYSE:AXLL) shares traded in February 2015 as high as $47.45 per share, the investigation concerns whether the offer is unfair to NYSE:AXLL stockholders. More specifically, the investigation concerns whether the Axiall Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders’ best interests in connection with the proposed sale.
On June 20, 2016, NYSE:AXLL shares closed at $32.65 per share.
Those who are current investors in NYSE:AXLL shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego