NEW YORK, April 13, 2017 /PRNewswire-USNewswire/
-- WeissLaw LLP is investigating possible breaches of
fiduciary duty and other violations of law by the Board of
Directors of Xcerra Corporation (NASDAQ:XCRA) ("XCRA" or the
"Company") in connection with the proposed acquisition of the
Company by Unic Capital Management Co., Ltd. ("Unic") for
approximately $508 million. Under the
terms of the agreement, the Company's shareholders will receive
$10.25 in cash for each XCRA share
they own.
WeissLaw is investigating whether XCRA's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, prior to the announcement, at least one analyst set a
target price of $12.00, or nearly
$2.00 above the offer price.
Given these facts, WeissLaw is investigating whether XCRA's
Board acted in the best interests of XCRA's public shareholders to
maximize shareholder value prior to entering into the
agreement. If you own XCRA shares and would like more
information about your rights or our investigation, or if you have
information to share with us, please contact Joshua Rubin by telephone at
(888) 593-4771 or by email at
stockinfo@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com or fill out the form
on our website,
http://www.weisslawllp.com/xcerra-corporation/
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SOURCE WeissLaw LLP