An investigation on behalf of investors, who currently hold shares of Nexeo Solutions, Inc. (NASDAQ: NXEO), was announced concerning whether the takeover of Nexeo Solutions, Inc. is unfair to NASDAQ: NXEO stockholders.

The investigation by a law firm concerns whether certain officers and directors of Nexeo Solutions, Inc. breached their fiduciary duties owed to NASDAQ: NXEO investors in connection with the proposed acquisition.

The Woodlands, TX based Nexeo Solutions, Inc. operates as a chemical and plastic products distributor in North America, Europe, the Middle East, Africa, and Asia. It operates through Chemicals, Plastics, and Environmental Services segments.

On Sept. 17, 2018, Univar Inc. (NYSE: UNVR) and Nexeo Solutions, Inc. (NASDAQ: NXEO) announced they have entered into a definitive agreement for Univar to acquire Nexeo in a cash and stock transaction valued at approximately $2.0 billion, including the assumption of Nexeo's debt and other obligations, or $11.65 per Nexeo share, subject to adjustment as described below.

However, given that at least one analyst has set the high price target for NASDAQ: NXEO shares at $14.00 per share, the investigation concerns whether the offer is unfair to NASDAQ: NXEO stockholders. More specifically, the investigation concerns whether the Nexeo Solutions Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Nexeo Solutions, Inc. reported that its Total Revenue rose from over $3.63 billion for the 12 months period that ended on September 30, 2017 to over $4.03 billion for the 12 months period that ended on September 30, 2018.

Shares of Nexeo Solutions, Inc. (NASDAQ: NXEO) reached as high as $12.52 per share on September 21, 2018.