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Johnson & Weaver, LLP Announces Investigations of the Proposed Sale of Intrawest Resorts., Xcerra and Swift Transportation

SAN DIEGO, April 10, 2017 /PRNewswire/ --Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating potential claims against Intrawest Resorts, Xcerra and Swift Transportation, as detailed below:

Intrawest Resorts Holdings, Inc.

Shareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board members of Intrawest Resorts Holdings, Inc. (SNOW) breached their fiduciary duties in connection with the proposed sale of the Company to Aspen Skiing Company, L.L.C. and KSL Capital Partners, LLC.

On April 10, 2017, Intrawest announced it had signed a definitive merger agreement with Aspen and KSL. Under the terms of the merger agreement, Intrawest stockholders will receive $23.75 in cash for each share of Intrawest common stock.

The investigation concerns whether the Intrawest board failed to satisfy their duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Intrawest shares of common stock. Nationally recognized Johnson & Weaver is investigating whether the proposed deal price represents adequate consideration, especially given one Wall Street analyst has a $27.00 price target on the stock.

If you are a shareholder of Intrawest and believe the proposed buyout price is too low and you're interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker (jimb@johnsonandweaver.com) at 619-814-4471.

Xcerra Corporation

Shareholder rights law firm Johnson & Weaver, LLP (J&W) launched an investigation into whether the board members of Xcerra Corporation (XCRA) breached their fiduciary duties in connection with the proposed sale of the Company to Unic Capital Management Co., Ltd.

On April 10, 2017, Xcerra announced it had signed a definitive merger agreement with Unic. Terms of the deal call for Xcerra shareholders to receive $10.25 per share in cash for each share of common stock held.

The investigation concerns whether the Xcerra board failed to satisfy their duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Xcerra shares of common stock. Nationally recognized Johnson & Weaver is investigating whether the proposed deal price represents adequate consideration. Given the Company's outlook for future revenue and earnings growth, and it's strong balance sheet, nationally recognized Johnson & Weaver is investigating whether the proposed deal price represents adequate consideration; moreover, one Wall Street analyst has a $12.00 price target. 

If you are a shareholder of Xcerra and believe the proposed buyout price is too low and you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (jimb@johnsonandweaver.com) at 619-814-4471.

Swift Transportation Company

Shareholder rights law firm Johnson & Weaver, LLP (J&W) launched an investigation into whether the board members of Swift Transportation Company (SWFT) breached their fiduciary duties in connection with the proposed sale of the Company to Knight Transportation, Inc. (KNX).

On April 10, 2017, Swift announced it had signed a definitive merger agreement with Knight. Under the terms of the agreement, Swift shareholders are anticipated to receive 0.72 shares of Knight common stock for each share of Swift common stock held. Based on the $30.65 closing price of Knight shares on April 7, 2017, the last trading day before the announcement, the implied value per share of Swift is $22.07.

The investigation concerns whether the Swift board failed to satisfy their duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Swift shares of common stock. Nationally recognized Johnson & Weaver is investigating whether the proposed deal price represents adequate consideration. According to Yahoo! Finance, at least one Wall Street analyst's estimated price target is $30.00 per share.

If you are a shareholder of Swift and believe the proposed buyout price is too low and you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (jimb@johnsonandweaver.com) at 619-814-4471.

About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.

Contact:
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com

 

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