An investigation on behalf of investors, who currently hold shares of A Schulman Inc (NASDAQ:SHLM), was announced concerning whether the takeover of A Schulman Inc by LyondellBasell is unfair to NASDAQ:SHLM stockholders.

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

Fairlawn, OH based A. Schulman, Inc. is an international supplier of plastic formulations, resins and services, and provides solutions to its customers' requirements through custom-formulated products. On February 15, 2018, LyondellBasell (NYSE: LYB) and A. Schulman, Inc.(NASDAQ: SHLM) announced that they have entered into an agreement under which LyondellBasell will acquire A. Schulman for a total consideration of $2.25 billion. Under the terms of the agreement, LyondellBasell will purchase 100 percent of A. Schulman common stock for $42 per share in cash and one contingent value right per share and assume outstanding debt and certain other obligations.

However, the investigation concerns whether the offer is unfair to NASDAQ:SHLM stockholders. More specifically, the investigation concerns whether the A Schulman 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.