TMCnet News
Kendall Law Group Investigates Whether Xoom Corp. Buyout by Paypal, Inc. is in Best Interest of Xoom ShareholdersKendall Law Group, led by former federal judge Joe Kendall, is investigating Xoom Corp. (NASDAQ: XOOM) and its Board of Directors on behalf of shareholders in connection with the proposed buyout by Paypal, Inc. According to the terms of the transaction, Xoom shareholders are anticipated to receive $25 cash for each share of Xoom comon stock held. The Kendall Law Group is investigating to determine whether the transaction substantially undervalues Xoom because at least one Wall Street financial analyst believes Xoom has a price target of $32 per share. Further, the stock has traded higher than the merger price ($26.86 per share) within the last year. The national securities firm's investigation seeks to determine whether Xoom and its Board breached their fiduciary duties by engaging in self-dealing, failing to maximize the value of the Company, failing to disclose all material benefits and costs, and failing to obtain the best possible consideration for the Xoom shareholders. If you currently own shares of Xoom and want to know more about your rights, you are encouraged to contact Jamie McKey at the Kendall Law Group at 877-744-3728 or by email at [email protected] to learn more about your rights as a shareholder. There is no cost or obligation to you. Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in nationwide complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150702005611/en/ |
