October 09, 2015 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of UTi Worldwide Inc. (NASDAQ:UTIW), was announced concerning whether the takeover of UTi Worldwide Inc. by DSV for $7.10 in cash is unfair to NASDAQ:UTIW stockholders.

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

On October 9, 2015 UTi Worldwide Inc. (NASDAQ:UTIW) announced it has entered into an agreement to be acquired by DSV for $7.10 in cash per ordinary share.

However, given that at least one analyst has set the high target price for NASDAQ:UTIW shares at $14.00 per share and given that NASDAQ:UTIW shares traded as high as $13.49 per share in March 2015, the investigation concerns whether the offer is unfair to NASDAQ:UTIW stockholders. More specifically, the investigation concerns whether the UTi Worldwide 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.