STEVENSON, Md.--(BUSINESS WIRE)--The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Xcerra Corporation (Nasdaq: XCRA) (“Xcerra” or the “Company”) relating to the proposed buyout of Xcerra by Cohu, Inc. (“Cohu”). The transaction is valued at approximately $796 million and is expected to close in the second half of 2018.
Under the terms of the agreement, Xcerra shareholders are anticipated to receive $9.00 and 0.2109 shares of Cohu common stock for each share of Xcerra common stock held. The firm’s investigation seeks to determine, among other things, whether the Company’s Board of Directors failed to satisfy their duties to shareholders, including whether the Board adequately pursued alternatives to the acquisition and whether the Board obtained the best price possible for the Company’s shares of common stock.
If you currently own common stock of Xcerra and believe that the proposed buyout price is too low, and you would like to learn more about the investigation being conducted, without cost or obligation to you, please contact Brower Piven either by email at email@example.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.