Kaskela Law LLC has filed a stockholder complaint against AVX Corporation (“AVX”) in connection with Kyocera Corporation’s (“Kyocera”) acquisition of the Company for $21.75 per share in cash. C.A. No. 2020-0221-SG (Del. Ch.).
Among other things, the complaint alleged that the members of AVX’s board of directors approved the transaction with Kyocera on terms favorable to Kyocera but unfair to AVX’s stockholders. The action sought to recover additional compensation for the former stockholders of AVX whose shares were acquired by Kyocera. In September 2022, the parties agreed to resolve the matter for $49.9 million.
For additional information about this action please contact Kaskela Law LLC (D. Seamus Kaskela) at (484) 258 – 1585, or by email at [email protected].