Company Website:
http://rosenlegal.com/cases-743.html
NEW YORK -- (Business Wire)
Rosen Law Firm, a global investor rights law firm, announces that it is
investigating the Board of Directors of UTi Worldwide Inc. (NASDAQ:UTIW)
for possible breaches of fiduciary duty and other violations of law by
failing to adequately shop UTi Worldwide to maximize shareholder value
before agreeing to be acquired by DSV.
If you would like to join the action, go to the firm’s website at http://rosenlegal.com/cases-743.html
or contact Phillip Kim or Kevin Chan toll-free at 866-767-3653 or via
e-mail at pkim@rosenlegal.com
or kchan@rosenlegal.com. There
is no cost or obligation to you.
Under the terms of the proposed transaction, shareholders will receive
$7.10 in cash for each share of UTi Worldwide common stock they own. The
proposed transaction is valued at approximately $1.35 billion. The
investigation relates to whether the proposal is fair to the public
shareholders UTi Worldwide and whether UTi Worldwide’s Board breached
its fiduciary duties in connection with the proposed sale.
If you currently own shares of UTi Worldwide and wish to obtain
additional information, please visit the firm’s website at http://rosenlegal.com/cases-743.html.
You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll
free at 866-767-3653 or via e-mail at pkim@rosenlegal.com
or kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout the globe, concentrating
its practice in securities class actions and shareholder derivative
litigation.
Attorney Advertising. Prior results do not guarantee a similar outcome.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151009005720/en/
Contacts:
Phillip Kim, Esq.
Kevin Chan, Esq.
Laurence Rosen, Esq.
The
Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
New
York, NY 10016
Tel: (212) 686-1060
Toll Free: 1-866-767-3653
Fax:
(212) 202-3827
pkim@rosenlegal.com
kchan@rosenlegal.com
lrosen@rosenlegal.com
www.rosenlegal.com
Source: Rosen Law Firm
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