Ixia (NASDAQ:XXIA) Investor Investigation over Potential Wrongdoing in Buyout
An investigation on behalf of investors of Ixia (NASDAQ:XXIA) in connection with the proposed takeover was announced and NASDAQ:XXIA stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWire) -- 02/06/2017 --The takeover of Ixia is under investigation over potential wrongdoing. The investigation was announced for investors, who currently hold shares of Ixia (NASDAQ:XXIA), concerning whether the takeover of Ixia by Keysight Technologies, Inc for $19.65 per share is unfair.
Investors who purchased shares of Ixia (NASDAQ:XXIA) and currently hold any of those NASDAQ:XXIA shares have certain options and should contact the Shareholders Foundation at email@example.com or call 858-779-1554.
The investigation by a law firm concerns whether certain directors of Ixia breached their fiduciary duties owed to NASDAQ:XXIA investors in connection with the proposed acquisition.
On January 30, 2017, Keysight Technologies, Inc. (NYSE: KEYS) and Ixia (NASDAQ:XXIA) announced a definitive agreement for Keysight Technologies, Inc. to acquire Ixia (NASDAQ:XXIA) in an all-cash transaction totaling approximately $1.6 billion in consideration, net of cash. Under the terms of the agreement, Ixia (NASDAQ:XXIA) shareholders will receive $19.65 per share in cash.
However, given that at least one analyst has set the high target price at $20.00 per NASDAQ:XXIA shares at $20.00 per share, the investigation concerns whether the offer is unfair to NASDAQ:XXIA stockholders. More specifically, the investigation concerns whether the Ixia Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
On February 3, 2017, NASDAQ:XXIA shares closed at $19.50 per share.
Those who are current investors in Ixia shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
Media Relations Contact
View this press release online at: http://rwire.com/767468