AVX Settles Appraisal Lawsuit Over $1 Billion Kyocera Deal Price

Former AVX Corp. investors reached a confidential settlement with the company in Delaware, agreeing Thursday to end their bid to have a judge set the fair value of shares bought out last year in its $1 billion take-private deal with Kyocera Corp.

The filing disclosing the agreement, docketed in Delaware Chancery Court, concludes the bid for judicial appraisal—a potentially endangered species of lawsuit, asking a judge to determine a transaction’s fair price, about which Delaware courts have seemed increasingly skeptical.

The appraisal suit, filed by institutional investors owning between 39,000 and 1 million shares, challenged the $21.75-a-share buyout ...