Company Website: http://www.johnsonandweaver.com
SAN DIEGO -- (Business Wire)

Shareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board members of UTi Worldwide Inc. (NASDAQ: UTIW) breached their fiduciary duties in connection with the proposed sale of the Company to Denmark based DSV.

Additional Information:

UTi operates as a non-asset-based supply chain services and solutions company.

On October 9, 2015, UTi announced it had signed a definitive merger agreement with DSV. Under the terms of the agreement, DSV will acquire UTi for $7.10 per share in cash, or total equity purchase price of $1.35 billion.

The investigation concerns whether UTi’s board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for UTi’s shares of common stock. Nationally recognized Johnson & Weaver is investigating whether the proposed deal price represents adequate consideration, especially since one Wall Street analyst has a $14.00 price target on the stock which is more than the $7.10 offer price. Earlier this year the stock traded over $14.00 per share.

If you are a shareholder of UTi and believe the proposed buyout price is too low or you’re interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (jimb@johnsonandweaver.com) at 619-814-4471. If emailing, please include a phone number where you can be reached.

About Johnson & Weaver, LLP:

Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.

View source version on businesswire.com: http://www.businesswire.com/news/home/20151009005364/en/

Contacts:

Johnson & Weaver, LLP
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com

Source: Johnson & Weaver, LLP