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Classified in: Business
Subject: ATY

XOOM CORPORATION SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout



WILMINGTON, Del., July 2, 2015 /PRNewswire/ -- Rigrodsky & Long, P.A.:

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Xoom Corporation ("Xoom" or the "Company") (NASDAQ GS: XOOM) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by PayPal, Inc. ("PayPal"), in a transaction valued at approximately $890 million.

Click here to learn more: http://rigrodskylong.com/investigations/xoom-corporation-xoom.

Under the terms of the agreement, shareholders of Xoom will receive $25.00 in cash for each share of Xoom they own.

The investigation concerns whether Xoom's board of directors failed to adequately shop the Company and obtain the best possible value for Xoom's shareholders before entering into an agreement with PayPal.  According to Yahoo! Finance, at least one analyst has issued a price target for Xoom stock at $32.00 per share.

If you own the common stock of Xoom and purchased your shares before July 2, 2015, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com, or at: http://rigrodskylong.com/investigations/xoom-corporation-xoom.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

Attorney advertising.  Prior results do not guarantee a similar outcome.

CONTACT:

Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com

 

SOURCE Rigrodsky & Long, P.A.


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News published on 2 july 2015 at 11:47 and distributed by: