Faruqi & Faruqi, LLP’s national practice focuses on complex civil litigation. The firm practices in the areas of Securities, Merger & Transactional, Shareholder Derivative, Antitrust, Consumer Class Action, and Wage & Hour litigation.
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'sJuan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.