A lawsuit was filed for investors in shares of Xcerra Corp (NASDAQ:XCRA) in connection with the proposed takeover and Xcerra Corp (NASDAQ:XCRA stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 08/28/2017 -- The Shareholders Foundation announces that an investor in NASDAQ:XCRA shares filed a lawsuit against the proposed takeover of Xcerra Corp. by Sino IC Capital Co. Ltd for $10.25 per share.
Investors who purchased shares of Xcerra Corp (NASDAQ:XCRA) and currently hold any of those NASDAQ:XCRA shares have certain options and should contact the Shareholders Foundation at email@example.com or call 858-779-1554.
The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ:XCRA stockholders by agreeing to sell Xcerra Corp too cheaply via an unfair process.
On April 10, 2017 Xcerra Corp (NASDAQ:XCRA) and Sino IC Capital Co. Ltd. announced that Xcerra Corp (NASDAQ:XCRA) and an affiliate of Sino IC Capital , Unic Capital Management Co., Ltd., have entered into an agreement under which Unic Capital Management Co., Ltd., will acquire all outstanding shares of Xcerra Corp (NASDAQ:XCRA) for $10.25 per share in cash.
However, plaintiff claims that the proposed consideration NASDAQ:XCRA shareholders will receive is grossly inadequate and undervalues Xcerra Corp. In addition, the plaintiff alleges that the process is also unfair NASDAQ:XCRA stockholders.
Those who are current investors in Xcerra Corp (NASDAQ:XCRA) shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego