XO Group Inc. (NYSE: XOXO) Investor Lawsuit Against Acquisition Filed

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, Inc.

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Company Name(s): 
XO Group
Case Name: 
XO Group Deal Case
Case Status: 
Lawsuit Filed
Affected Securities
NYSE: XOXO
Lawsuit Overview
Type of Lawsuit: 
Mergers and Acquisition
Summary: 

An investor, who currently holds shares of XO Group Inc. (NYSE: XOXO), filed a lawsuit against the takeover of XO Group Inc. (NYSE: XOXO).

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