Univar Solutions Inc.

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Ademi LLP is investigating Univar (NYSE: UNVR) for possible breaches of fiduciary duty and other violations of law in its transaction with Apollo.

Ademi LLP alleges Univar’s financial outlook and prospects are excellent and yet Univars shareholders are expected to receive only $36.15 per share for a total enterprise value of $8.1 billion. The transaction agreement unreasonably limits competing bids for Univar by imposing a significant penalty if Univar accepts a superior bid. Univar insiders will receive substantial benefits as part of change of control arrangements.