SAN DIEGO, Jan. 30, 2017 /PRNewswire/ -- Shareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board members of Ixia (NASDAQ: XXIA) breached their fiduciary duties in connection with the proposed sale of the Company to Keysight Technologies, Inc. Ixia provides application performance and security resilience solutions to organizations in the United States and internationally.
On January 30, 2017, Ixia announced it had signed a definitive merger agreement with Keysight. Under the terms of the agreement, Keysight will acquire all of the outstanding shares of Ixia common stock for $19.65 per share in cash.
The investigation concerns whether the Ixia board failed to satisfy their duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Ixia shares of common stock. Nationally recognized Johnson & Weaver is investigating whether the proposed deal price represents adequate consideration.
If you are a shareholder of Ixia and believe the proposed buyout price is too low and you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (firstname.lastname@example.org) at 619-814-4471.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
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SOURCE Johnson & Weaver, LLP