NEW YORK, Sept. 28, 2018 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of XO Group Inc. ("XOXO" or the "Company") (NYSE: XOXO) in connection with the proposed acquisition of the Company by WeddingWire, Inc. Under the terms of the acquisition agreement, shareholders will receive $35.00 in cash for each XOXO share they own.
If you own XOXO shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, please contact:
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WeissLaw is investigating whether XOXO's Board acted to maximize shareholder value prior to entering into the agreement. Notably, XOXO shares traded for $35.83 as recently as July of this year. Additionally, in its latest financial report, the Company announced growth of 18% in local marketplace revenue.
Given these facts, WeissLaw is concentrating its investigation on whether XOXO's Board conducted a fair process in agreeing to the proposed acquisition, and whether the proposed acquisition undervalues the Company. If you own XOXO 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 firstname.lastname@example.org.
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.
SOURCE WeissLaw LLP