NEW YORK, July 2, 2015 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of Xoom Corp. (NASDAQ: XOOM) ("Xoom" or the "Company") on behalf of its shareholders. Paypal, Inc. and Xoom announced that they have entered into a definitive agreement under which Paypal will acquire Xoom for $25 per share in cash.
Our investigation has determined that the offer price of only $25 per share, unfairly under-values the true going forward inherent value of Xoom and that shareholders are not receiving the maximum value for their shares. Indeed, at least one analyst has opined that Xoom's stock is worth at least $32 per share, and the stock was trading higher than the merger price within the past year ($26.86 per share). The investigation further seeks to determine whether the senior management of Xoom are entering into this deal for their own self-interests to the detriment of the company's shareholders.
If you are a shareholder of Xoom and would like additional information as to how the acquisition may affect your rights as a shareholder, and how you may be eligible to obtain a higher price for your shares, please contact us at no cost at:
Tripp Levy PLLC represents individual and institutional shareholders in mergers and acquisitions transactions and, along with its affiliate, has recovered billions of dollars for shareholders in securities actions around the globe. Tripp Levy PLLC is affiliated with the law firm Milberg LLP. The National Law Journal has named Milberg one of the "50 Elite Trial Lawyer Firms" and one of the "50 Leading Plaintiff Firms in America." Attorney advertising. Prior results do not indicate a similar outcome.
SOURCE Tripp Levy PLLC