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 firstname.lastname@example.org.
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.
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