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TheGrantLawFirm, PLLC Investigates Xoom Corporation Over the Proposed Buyout of the Company by PayPal, Inc.TheGrantLawFirm, PLLC is investigating a potential action on behalf of ("Xoom" or the "Company") (NasdaqGS: XOOM) for possible breaches of fiduciary duty and other violations of state law by the Company's officers and directors relating to the proposed buyout of the Company by PayPal (News - Alert), Inc. On July 1, 2015, Xoom announced it had signed a definitive merger agreement with PayPal. Under the terms of the transaction, Xoom shareholders are anticipated to receive $25.00 in cash for each share of Xoom common stock held. The transaction may undervalue Xoom and may result in a substantial loss for many shareholders. For instance, Andrew Jeffrey of SunTrust Robinson Humphrey stated that Xoom's EBITDA growth rate "suggests it could be worth more" given its leading cross-border remittance franchise, strong market position and relatively early-stage penetration. If you are a current holder of XOOM shares, would like to discuss this investigation and/or are interested in helping the Company recover its damages, please contact, Jorge Amador at 212-292-4449/[email protected] or Lynda J. Grant at 212-292-4441/[email protected]. Jorge Amador is a forensics accounting expert and class action attorney. Lynda J. Grant has been representing wronged investors for over 30 years, and was recently selected as a New York Metro Superlawyer.
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