February 3, 2017 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Ixia (NASDAQ:XXIA), was announced concerning whether the takeover of Ixia by Keysight Technologies, Inc for $19.65 per share is unfair to NASDAQ:XXIA stockholders.

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

On January 30, 2017, Keysight Technologies, Inc. (NYSE: KEYS) and Ixia (NASDAQ:XXIA) announced a definitive agreement for Keysight Technologies, Inc. to acquire Ixia (NASDAQ:XXIA) in an all-cash transaction totaling approximately $1.6 billion in consideration, net of cash. Under the terms of the agreement, Ixia (NASDAQ:XXIA) shareholders will receive $19.65 per share in cash.

However, given that at least one analyst has set the high target price at $20.00 per NASDAQ:XXIA shares at $20.00 per share, the investigation concerns whether the offer is unfair to NASDAQ:XXIA stockholders. More specifically, the investigation concerns whether the Ixia 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.

Ixia reported that its annual Total Revenue rose from $464.46 million in 2014 to $516.94 million in 2015 and that its Net Loss of $41.59 million in 2014 turned into a Net Income of $5.95 million in 2015.