WeissLaw LLP: Xcerra Corporation Acquisition May Not Be in the Best Interests of XCRA Shareholders
NEW YORK, May 8, 2018 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Xcerra Corporation ("XCRA" or the "Company") (NASDAQ: XCRA) in connection with the proposed acquisition of the Company by Cohu, Inc. ("COHU") (NASDAQ: COHU). Under the terms of the agreement, the Company's shareholders will be entitled to receive $9.00 in cash and 0.2109 of a COHU share for each XCRA they own, representing consideration of $13.29 based COHU's May 8 trading price of $20.37.
WeissLaw is investigating whether XCRA's Board acted to maximize shareholder value prior to entering into the agreement. Notably, at least one analyst set a target price of $16.00 per XCRA.
Given these facts, WeissLaw is investigating whether XCRA shareholders will obtain their fair and proportionate share of the Company's continued success and growth prospects. If you own XCRA shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin by telephone at (888) 593-4771 or by email at email@example.com.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at firstname.lastname@example.org or fill out the form on our website, http://www.weisslawllp.com/xcerra-corporation/
SOURCE WeissLaw LLP