Faruqi & Faruqi Investigation: UTi Worldwide Inc.
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 contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.