According to the Complaint, Wesco Aircraft Holdings, Inc. is one of the world’s leading distributors and providers of comprehensive supply chain management services to the global aerospace industry.

This action stems from a proposed transaction announced on August 9, 2019, pursuant to which Wesco will be acquired by Wolverine Intermediate Holding II Corporation.

On August 8, 2019, Wesco’s Board of Directors caused the Company to enter into an agreement and plan of merger with Wolverine. Pursuant to the terms of the Merger Agreement, Wesco’s stockholders will receive $11.05 in cash for each share of Wesco common stock they own.

On September 13, 2019, Defendants filed a Proxy Statement with the United States Securities and Exchange Commission in connection with the Proposed Transaction, which scheduled a stockholder vote on the Proposed Transaction for October 24, 2019. The Complaint alleges that the Proxy Statement omits material information with respect to the Proposed Transaction, which renders the Proxy Statement false and misleading.

This case was voluntarily dismissed on November 13, 2019.