A lawsuit was filed for investors in shares of XO Group Inc. (NYSE: XOXO) in connection with the proposed takeover and NYSE: XOXO stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 11/28/2018 -- The Shareholders Foundation announces that an investor, who currently holds shares of XO Group Inc. (NYSE: XOXO), filed a lawsuit against the takeover of XO Group Inc. (NYSE: XOXO).
Investors who purchased shares of XO Group Inc. (NYSE: XOXO) and currently hold any of those NYSE: XOXO shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
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
Those who are current investors in XO Group Inc. (NYSE: XOXO) shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.