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XO Group Inc. (NYSE: XOXO) Investor Lawsuit Against Acquisition Filed

  • Investors who purchased shares of XO Group Inc. (NYSE: XOXO) may have certain options. Please contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Case Dismissed
Company
XO Group Inc
Security
NYSE: XOXO

Case Name
XO Group Deal Case
Type of Lawsuit
Mergers and Acquisition
Court of Filing
U.S. District Court for the District of Delaware

Class Period Begin
Class Period End
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Summary

January 25, 2019 - The case was voluntarily dismissed.

November 16, 2018 - An investor, who currently holds shares of XO Group Inc. (NYSE: XOXO), filed a lawsuit against the takeover of XO Group Inc. (NYSE: XOXO). The plaintiff alleges that the defendants breached their fiduciary duties owed to NYSE: XOXO stockholders by agreeing to sell XO Group Inc.. cheaply via an unfair process.

On Sept. 25, 2018, XO Group Inc. (NYSE:XOXO) announced that it has signed an agreement whereby XO Group will become a privately held company and merge with WeddingWire, Inc. in a transaction valued at $933 million. Under the terms of the agreement, XO Group shareholders will receive $35.00 per share in cash.

However, plaintiff claims that the proposed consideration NYSE: XOXO shareholders will receive is grossly inadequate and undervalues XO Group Inc. In addition, the plaintiff alleges that the process is also unfair NYSE: XOXO stockholders