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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of Xoom Corporation (NASDAQ: XOOM) acted responsibly on behalf of investors’ profitability in the planned $890 million sale to PayPal Inc.
On July 1, 2015, Xoom Corporation (NASDAQ: XOOM) and PayPal Inc announced that they had entered into a merger agreement. Under the terms of the merger agreement, PayPal will offer Xoom shareholders $25.00 per share in cash for all outstanding shares.
Based in San Francisco, CA, and founded in 2001 Xoom Corporation is a provider of digital consumer-to-consumer online money transfers services worldwide. Additionally, the Company offers cross-border bill payment services from the United States to five countries.
The investigation is looking to uncover whether Xoom Corporation was undervalued at the cost of the shareholders considering one analyst’s opinion of their stock is valued at $32.00 per share.
If you purchased Xoom Corporation (NASDAQ: XOOM) prior to July 1, 2015, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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