MILWAUKEE, May 8, 2018 /PRNewswire/ -- Ademi &
O'Reilly, LLP is investigating the Board of Directors of Xcerra
Corporation (Nasdaq: XCRA) for possible breaches of fiduciary duty
and other violations of Massachusetts law in connection with the sale
of Xcerra to Cohu.
Click here to learn how to join the action:
http://ademilaw.com/case/xcerra or call Guri Ademi toll-free at 866-264-3995.
There is no cost or obligation to you.
Ademi & O'Reilly, LLP alleges Xcerra's long-term financial
outlook is improving and yet Xcerra shareholders will receive only
$9.00 in cash and 0.2109 of a share
of Cohu common stock for each share of Xcerra common stock they
own, or approximately $13.92.
Cohu is well aware of Xcerra's improving financial metrics and is
purchasing Xcerra at a substantial discount. The merger
agreement unreasonably limits competing bids for Xcerra by (i)
prohibiting solicitation of any further bids, and (ii) imposing a
termination penalty should Xcerra receive and accept a superior
bid. Xcerra insiders, their affiliates and other major shareholders
own significant voting stock, and will receive millions of dollars
as part of change of control arrangements, and therefore can unduly
influence a sale of Xcerra. Our investigation centers on the
conduct of Xcerra's Board of Directors, who have unanimously
approved the transaction, and whether they are (i) fulfilling their
fiduciary duties to all shareholders, and (ii) obtaining a fair and
reasonable price for Xcerra given its current financial condition
and prospects.
If you own common stock in Xcerra and wish to obtain additional
information, please contact Guri
Ademi either at gademi@ademilaw.com or toll-free:
866-264-3995, or http://ademilaw.com/case/xcerra.
We specialize in shareholder litigation involving buyouts,
mergers, and individual shareholder rights throughout the country.
For more information, please feel free to call us. Attorney
advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi & O'Reilly, LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
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SOURCE Ademi & O'Reilly, LLP