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If you purchased shares of Xcerra Corp (NASDAQ:XCRA) and currently hold any of those NASDAQ:XCRA shares, you have certain options and you should contact the Shareholders Foundation, Inc.
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To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Investigation Overview
April 14, 2017 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Xcerra Corp (NASDAQ:XCRA), was announced concerning whether the takeover of Xcerra Corp. by Sino IC Capital Co. Ltd for $10.25 per share is unfair to NASDAQ:XCRA stockholders.
The investigation by a law firm concerns whether certain officers and directors of Xcerra Corp breached their fiduciary duties owed to NASDAQ:XCRA investors in connection with the proposed acquisition.
On April 10, 2017 Xcerra Corp (NASDAQ:XCRA) and Sino IC Capital Co. Ltd. announced that Xcerra Corp (NASDAQ:XCRA) and an affiliate of Sino IC Capital , Unic Capital Management Co., Ltd., have entered into an agreement under which Unic Capital Management Co., Ltd., will acquire all outstanding shares of Xcerra Corp (NASDAQ:XCRA) for $10.25 per share in cash.
However, the investigation concerns whether the offer is unfair to NASDAQ:XCRA stockholders. More specifically, the investigation concerns whether the Xcerra Corp 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.
