NEW YORK, NY / ACCESSWIRE / February 27, 2020 / The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased AVX Corporation ("AVX" or the "Company") (NYSE: AVX) stock prior to February 21, 2020.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of AVX to Kyocera Corporation ("Kyocera") (OTCMKTS: KYOCY). Under the terms of the merger, Kyocera will acquire all outstanding shares of AVX common stock not owned by Kyocera in an all-cash tender offer for $21.75 per share. The tender offer will be followed by a squeeze-out merger in which all of the outstanding shares of AVX common stock not tendered in the tender offer (other than shares owned by holders who validly seek appraisal or shares already held by Kyocera) will be converted into the right to receive $21.75 per share of common stock, in cash. Following completion of the transaction, AVX will become a wholly owned subsidiary of Kyocera. To learn more about the action and your rights, go to:
https://www.zlk.com/mna2/avx-corp-loss-form
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500. There is no cost or obligation to you.
The AVX merger investigation concerns whether the Board of AVX breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction and whether Kyocera is underpaying for AVX shares, thus unlawfully harming AVX shareholders.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
SOURCE: Levi & Korsinsky, LLP