Kaskela Law LLC Announces Shareholder Investigation of Schweitzer-Mauduit International, Inc. - SWM

Rhea-AI Summary

Kaskela Law LLC is investigating potential legal claims for shareholders of Schweitzer-Mauduit International (SWM) following its announcement on March 28, 2022, regarding the acquisition of Neenah, Inc. in an all-stock deal. SWM plans to issue approximately 22.8 million shares to Neenah's shareholders, who would then own 42% of the combined entity. The investigation aims to determine any violations of securities laws or breaches of fiduciary duties related to this transaction.

Positive

• SWM is expanding its business through the acquisition of Neenah, which could potentially enhance its market position.

Negative

• The issuance of 22.8 million shares may dilute existing shareholder value.
• There are concerns about potential undisclosed conflicts of interest in the acquisition process.

PHILADELPHIA, May 16, 2022 /PRNewswire/ -- Investor protection law firm Kaskela Law LLC announces that it is investigating potential legal claims on behalf of Schweitzer-Mauduit International, Inc. (NYSE: SWM) ("SWM") shareholders.

On March 28, 2022, SWM announced that it had entered into an agreement to acquire Neenah, Inc. ("Neenah") in an all-stock transaction.  In connection with the proposed transaction, SWM has reported that it expects to issue approximately 22.8 million shares of SWM common stock to Neenah stockholders who are, as a result, expected to own 42% of the combined company.

The investigation seeks to determine whether SWM and/or the company's representatives violated the securities laws or breached their fiduciary duties to investors in connection with the proposed transaction, and whether SWM has properly disclosed all potential conflicts of interest to its shareholders.

SWM shareholders who wish to protect their investment are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) 229 – 0750, or by email (abell@kaskelalaw.com) or online at https://kaskelalaw.com/cases/swm/ , for additional information about this investigation and their legal rights and options. 

Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation.  For additional information about the firm please visit www.kaskelalaw.com.  This notice may constitute attorney advertising in certain jurisdictions.

CONTACT:

D. Seamus Kaskela, Esq.
Adrienne Bell, Esq.
KASKELA LAW LLC
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(484) 229 – 0750
(888) 715 – 1740
www.kaskelalaw.com

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SOURCE Kaskela Law LLC

FAQ

What is the recent acquisition announcement by SWM?

SWM has announced an agreement to acquire Neenah, Inc. in an all-stock transaction.

How will the acquisition of Neenah affect SWM shareholders?

Neenah shareholders are expected to own 42% of the combined company after the acquisition.

What is Kaskela Law LLC investigating regarding SWM?

Kaskela Law is investigating whether SWM violated securities laws or breached fiduciary duties during the acquisition process.

What is the significance of the 22.8 million shares to be issued by SWM?

The issuance of 22.8 million shares may lead to dilution of existing shareholder value as it increases the total share count.