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 [email protected].
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 [email protected] or fill out the form on our website, http://www.weisslawllp.com/xcerra-corporation/
SOURCE WeissLaw LLP