WeissLaw LLP: Schulman, Inc. Merger May Not Be in the Best Interests of SHLM Shareholders

NEW YORK, Feb. 16, 2018 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Schulman, Inc. ("SHLM" or the "Company") (NASDAQ: SHLM) in connection with the proposed acquisition of the Company by LyondellBasell Industries N.V. ("LYB") (NYSE: LYB).  Under the terms of the acquisition agreement, SHLM shareholders will receive $42.00 in cash and one contingent value right for each SHLM share they own. 

WeissLaw is investigating whether SHLM's Board acted to maximize shareholder value prior to entering into the agreement.  Notably, at least one analyst set a target price of $45.00 per SHLM share.  Additionally, in January, SHLM announced strong financial results for the first quarter of fiscal year 2018, reporting a 12% year-over-year increase in net sales.

Given these facts, WeissLaw is investigating whether SHLM shareholders will obtain their fair and proportionate share of the Company's continued success and growth prospects.  If you own SHLM shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin by telephone at (888) 593-4771 or by email at [email protected]. 

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.  We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.  If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [email protected] or fill out the form on our website, http://www.weisslawllp.com/schulman-inc/

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SOURCE WeissLaw LLP