NEW YORK, Nov. 14, 2019 /PRNewswire/ -- WeissLaw
LLP is investigating possible breaches of fiduciary duty and
other violations of law by the Board of Directors of KEMET
Corporation ("KEM" or the "Company") (NYSE: KEM) in connection with
the proposed acquisition of the Company by Yageo Corporation
("Yageo"). Under the terms of the acquisition agreement, KEM
shareholders will receive $27.50 for
each KEM share they own.
If you own KEM shares and wish to discuss this
investigation or have any questions concerning this notice or your
rights or interests, visit our website:
http://www.weisslawllp.com/kemet-corporation/
Or please contact:
Joshua Rubin, Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
WeissLaw is investigating whether KEM's Board acted to maximize
shareholder value prior to entering into the acquisition agreement.
According to the acquisition announcement, the transaction
will position Yageo as a "one-stop provider of passive electronic
components" with a broad portfolio of end market segment
products.
Additionally, with an enhanced global footprint, and increased
presence in automotive electronics and industrial segments, the
acquisition will propel Yageo into leadership position in the
industry. According to Yageo's Chairman and CEO, "KEMET has
remarkable technology innovation capabilities and a proven track
record of integrating cross-border acquisitions [which] gives us
the extraordinary opportunity to combine our strengths to achieve
synergies in product and technology offerings as well as geographic
coverage. The integration will enhance our ability to serve
customers in consumer electronics as well as in the high-end
automotive, industrial, aerospace, telecom and medical
sectors."
Given these facts, WeissLaw is concerned whether the proposed
acquisition undervalues the Company, and whether all material
information related to the proposed acquisition 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 stockinfo@weisslawllp.com.
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SOURCE WeissLaw LLP