An investigation on behalf of investors, who currently hold shares of Exa Corp (NASDAQ:EXA), was announced concerning whether the takeover of Exa Corp. by Dassault Systmes for $24.25 per share is unfair to NASDAQ:EXA stockholders.

The investigation by a law firm concerns whether certain officers and directors of Exa Corp breached their fiduciary duties owed to NASDAQ:EXA investors in connection with the proposed acquisition.

On September 28, 2017, Exa Corp (NASDAQ:EXA) announced that its Board of Directors has unanimously agreed to be acquired by Dassault Systmes in a transaction valued at approximately $400 million or $24.25 per share.

Burlington, MA based Exa Corporation develops, sells and supports simulation software and services that manufacturers use in design and engineering processes. Exa Corp reported that its announced that its Total Revenue rose from $65.45 million for the 12 months period that ended on Janaury 31, 2016 to $72.58 million for the 12 months period that ended on Janaury 31, 2017 and that its Net Loss decreased from $4.81 milion to $1.13 million fo those respective time periods.

However, the investigation concerns whether the offer is unfair to NASDAQ:EXA stockholders. More specifically, the investigation concerns whether the Exa Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.