Cases
Ixia (NASDAQ: XXIA)
Merger
Overview
Overview
- Date:
- 2/28/2017
- Company Name:
- Ixia
- Stock Symbol:
- XXIA
- Company Name - Buyer:
- Keysight Technologies, Inc.
- Class Period:
- FROM 2/23/2017
- Status:
- Closed/Complete
- Merger Announcement Date:
- 1/30/2017
- Court:
- U.S. District Court: Central California
NEW YORK, February 28, 2017 – Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the United States District Court for the Central District of California on behalf of all persons or entities who held Ixia (NASDAQ: XXIA) securities on February 23, 2017 (the “Class Period”).
On January 30, 2017, the two parties announced the signing of a definitive merger agreement pursuant to which a private investment group led by Keysight Technologies, Inc. in a deal. As a result of the merger, Ixia shareholders are only anticipated to receive $19.65 in cash for each share of Ixia.
The complaint alleges that the company failed to conduct a fair sales process and failed to disclose all material information regarding the sale of the company.
If you held Ixia securities during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
On January 30, 2017, the two parties announced the signing of a definitive merger agreement pursuant to which a private investment group led by Keysight Technologies, Inc. in a deal. As a result of the merger, Ixia shareholders are only anticipated to receive $19.65 in cash for each share of Ixia.
The complaint alleges that the company failed to conduct a fair sales process and failed to disclose all material information regarding the sale of the company.
If you held Ixia securities during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.