PHILADELPHIA, Pa.
Lundy Law is investigating potential claims against the Board of Directors of Xoom Corporation (“Xoom” or the “Company”) (NASDAQ: XOOM) for possible breaches of fiduciary duty and other violations of law in connection with the proposed sale of the Company to PayPal, Inc. in a transaction valued at approximately $890 million. Under the terms of the proposed transaction, Xoom shareholders will receive $25.00 in cash for each share of Xoom common stock they own.
Among other things, the investigation concerns whether the proposed transaction undervalues the Company and whether the Board of Directors of Xoom is achieving the best possible value for the Company’s shareholders. Notably, Xoom common stock has traded as high as approximately $29.00 per share as recently as 2014, and one analyst has set a price target of $32.00 per share.
If you own shares of Xoom common stock and wish to discuss the legal ramifications of the investigation, or have any questions, contact Lundy Law who will, without obligation or cost to you, answer your questions. For more information you may contact David Promisloff, co-counsel to Lundy Law directly at 1-800-LundyLaw, or visit https://www.lundylaw.com/press-releases/XOOM.
Lundy Law has worked hard for more than 50 years to help injured people get the results they need. In addition to shareholder actions and class actions, Lundy Law practices in the areas of personal injury, product liability, auto accident and workers’ compensation. Lundy Law has collected hundreds of millions of dollars in settlements and successful verdicts for our clients. With offices throughout the Delaware Valley and Lehigh Valley, including Philadelphia, Cherry Hill, Wilmington, Bethlehem, and Reading, we care about helping people, no matter how hard the challenge.
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