NEW YORK, June 25, 2018 /PRNewswire/ -- WeissLaw LLP is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of Xerium Technologies,
Inc. ("XRM" or the "Company") (NYSE: XRM) in connection with the
proposed acquisition of the Company by Andritz AG. Under the terms
of the agreement, XRM shareholders will receive $13.50 in cash for each XRM share they
own.
WeissLaw is investigating whether XRM's Board acted to maximize
shareholder value prior to entering into the
agreement. Notably, the Company recently announced positive
financial results. In April, XRM reported net sales of
$126.1 million in the first quarter
of 2018, representing an increase of 5.2% year-over-year when
compared to the $119.9 million
reported in the same period of the previous year.
Given these facts, WeissLaw is investigating whether XRM's Board
acted in the best interests of XRM's public shareholders to
maximize shareholder value prior to entering into the agreement. If
you own XRM 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/xerium-technologies-inc/
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SOURCE WeissLaw LLP