Bragar Eagel & Squire, P.C. Reminds Investors that it is Investigating the Boards of Directors of Nexeo, Sonic, and Esterline on Behalf of Stockholders and Encourages Investors to Contact the Firm

New York, New York, UNITED STATES


NEW YORK, Oct. 22, 2018 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C. reminds investors that it is investigating potential claims on behalf of stockholders of Nexeo Solutions, Inc., Sonic Corp., and Esterline Technologies Corporation.  Additional information about each potential action can be found at the link provided.

Nexeo Solutions, Inc. (NXEO)

Buyer: Univar Inc.

Pursuant to the proposed transaction, announced on September 17, 2018 and valued at $2 billion, Nexeo stockholders will receive $11.65 in cash for each share of Nexeo common stock owned.  The investigation focuses on whether Nexeo and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.

To learn more about the Nexeo investigation go to: https://bespc.com/nexeo/.

Sonic Corp. (NASDAQ: SONC)

Buyer: Inspire Brands

Pursuant to the proposed transaction, announced on September 25, 2018, Sonic stockholders will receive $43.50 in cash for each share of Sonic common stock owned.  The investigation focuses on whether Sonic and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.

To learn more about the Sonic investigation go to:  https://bespc.com/sonic/.

Esterline Technologies Corporation (NYSE: ESL)

Buyer: TransDigm Group Incorporated

Pursuant to the proposed transaction, announced on October 10, 2018 and valued at $4 billion, Esterline stockholders will receive $122.50 in cash for each share of Esterline common stock owned.  The investigation focuses on whether Esterline and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.

To learn more about the Esterline investigation go to:  https://bespc.com/esl/.

Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation.  For additional information about Bragar Eagel & Squire, P.C. please go to www.bespc.com.

Contacts

Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Melissa Fortunato, Esq.
(212) 308-1869
investigations@bespc.com
www.bespc.com