Faruqi & Faruqi, LLP Announces the Investigation of UTi Worldwide Inc. (UTIW) Over the Proposed Sale of the Company to DSV
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of UTi Worldwide Inc. (“UTi” or the “Company”) (NasdaqGS:UTIW) for potential breaches of fiduciary duties in connection with the sale of the Company to DSV for approximately $1.35 billion in a cash transaction.
The Company’s stockholders will only receive $7.10 for each share of UTi common stock they own. However, at least one Wall Street analyst has issued a price target for UTi stock at $14.00 per share.
If you own common stock in UTi and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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