An investigation on behalf of investors in NYSE:AXLL shares in connection with the rejected takeover was announced and NYSE:AXLL stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 03/07/2016 -- An investigation for shareholders in Axiall Corp was announced concerning whether to reject the proposed buyout of Axiall Corp. by Westlake Chemical Corporation at $20.00 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 mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm concerns whether certain officers and directors of Axiall Corp breached their fiduciary duties owed to NYSE:AXLL investors by rejecting the proposed acquisition.
On January 29, 2016, Axiall Corporation (NYSE: AXLL) announced that it has rejected an unsolicited and conditional proposal from Westlake Chemical Corporation (NYSE: WLK) to acquire all of the outstanding common shares of Axiall Corporation for a consideration of $20.00 per share in the form of $11.00 in cash and 0.1967 shares of Westlake Chemical Corporation (NYSE: WLK) stock.
However, the investigation concerns whether to reject the takeover offer is unfair to NYSE:AXLL stockholders. More specifically, the investigation concerns whether the Axiall Board of Directors failed maximize shareholder value by rejecting the offer, and failed to act in the shareholders' best interests by rejecting the takeover offer.
On March 3, 2016, NYSE:AXLL shares closed at $20.69 per share.
Those who are current investors in Axiall Corp (NYSE:AXLL) shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com