NEW YORK, Feb. 16, 2018 /PRNewswire/ -- WeissLaw LLP
is investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of Schulman, Inc.
("SHLM" or the "Company") (NASDAQ: SHLM) in connection with the
proposed acquisition of the Company by LyondellBasell Industries
N.V. ("LYB") (NYSE: LYB). Under the terms of the acquisition
agreement, SHLM shareholders will receive $42.00 in cash and one contingent value right for
each SHLM share they own.
WeissLaw is investigating whether SHLM's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, at least one analyst set a target price of $45.00 per SHLM share. Additionally, in
January, SHLM announced strong financial results for the first
quarter of fiscal year 2018, reporting a 12% year-over-year
increase in net sales.
Given these facts, WeissLaw is investigating whether SHLM
shareholders will obtain their fair and proportionate share of the
Company's continued success and growth prospects. If you own
SHLM shares and would like more information about your rights or
our investigation, or if you have information to share with us,
please contact Joshua Rubin
by telephone at (888) 593-4771 or by email at
stockinfo@weisslawllp.com.
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 or fill out the form
on our website, http://www.weisslawllp.com/schulman-inc/
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SOURCE WeissLaw LLP