Wolf Popper LLP Investigates Claims That the Proposed Acquisition of Xoom Corporation May Not Be In the Best Interests of Its Investors

Jul 06, 2015, 12:16 ET from Wolf Popper LLP

NEW YORK, July 6, 2015 /PRNewswire/ -- Wolf Popper LLP is investigating claims on behalf of investors in Xoom Corporation ("Xoom") (NASDAQ: XOOM), concerning the proposed acquisition of Xoom by PayPal, Inc. Xoom shareholders seeking more information about this acquisition can contact Fei-Lu Qian at (212) 759-4600 or fqian@wolfpopper.com.

The investigation concerns whether Xoom's directors are breaching their fiduciary duties by failing to adequately maximize shareholder value. Under the terms of the proposed transaction, Xoom's shareholders will receive $25.00 per share in cash for each Xoom share they own. The proposed transaction has a preliminary equity value of approximately $975 million. However, the offer price is below Xoom's 52 week high of $26.86 per share and below an analyst's price target of $32.00 per share.

Wolf Popper LLP has extensive experience representing investors in mergers and acquisition lawsuits and has successfully ensured that investors receive the maximum compensation.  Twelve Wolf Popper attorneys were named Rising Stars or Super Lawyers in the 2014 Super Lawyers New York City Metro Edition.  View Wolf Popper attorney biographies at www.wolfpopper.com.

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Wolf Popper LLP 845 Third Avenue New York, New York 10022 Telephone: 212-759-4600 Toll Free Tel: 877-370-7703 Toll Free Fax: 877-370-7704 Email: fqian@wolfpopper.com

 

SOURCE Wolf Popper LLP



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