NEW YORK, Oct. 3, 2017 /PRNewswire/ -- WeissLaw LLP is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of Exa Corporation
("EXA" or the "Company") (NASDAQ: EXA) in connection with the
proposed acquisition of the Company by Dassault Systèmes
("Dassault"). Under the terms of the acquisition agreement,
the Company's shareholders will receive $24.25 in cash for each EXA share they own.
WeissLaw is investigating whether EXA's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, EXA recently reported a 3% year-over-year increase in
license revenue, and a 2% year-over-year increase in total revenue
in the second quarter of fiscal year 2018. Additionally, the
acquisition of EXA will provide Dassault access to EXA's proven
portfolio of Lattice Boltzmann fluid simulation technologies and
fully industrialized solutions, which Dassault hopes to scale up to
meet its customers' demands.
Given these facts, WeissLaw is investigating whether EXA's Board
acted in the best interests of its public shareholders to maximize
shareholder value prior to entering into the agreement. If
you own EXA shares and would like more information about your
rights or our investigation, or if you have information to share
with us, please contact Joshua
Rubin by telephone at (888) 593-4771 or by
email at stockinfo@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com or fill out the
form on our website,
http://www.weisslawllp.com/exa-corporation/
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SOURCE WeissLaw LLP
