Friday, July 17, 2015

Faruqi & Faruqi Investigation: Xoom Corporation

Faruqi & Faruqi, LLP Announces the Investigation of Xoom Corporation (XOOM) Over the Proposed Sale of the Company to Paypal, Inc.

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Xoom Corporation (“Xoom” or the “Company”) (NASDAQ:XOOM) for potential breaches of fiduciary duties in connection with the sale of the Company to Paypal, Inc. for approximately $975 million. 
The Company’s stockholders will only receive $25.00 per share for each share of Company common stock they own. However, the offer price is below Xoom's 52 week high of $26.86 per share and below an analyst's price target of $32.00 per share.
If you own common stock in Xoom and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact F&F's Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330. 

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