XACTLY (XTLY) ALERT: J&W Investigates Proposed Sale of Xactly Corporation; Is $15.65 a Fair Price?

SAN DIEGO, May 30, 2017 /PRNewswire/ -- Shareholder rights law firm Johnson & Weaver, LLP (J&W) has launched an investigation into whether the board members of Xactly Corporation (NYSE: XTLY) breached their fiduciary duties in connection with the proposed sale of the Company to Vista Equity Partners. Xactly provides cloud-based incentive compensation solutions for employee and sales performance management in the United States and the United Kingdom.

On May 30, 2017, Xactly announced it had signed a definitive merger agreement with Vista. Under the terms of the agreement, Vista will acquire all of the outstanding shares of Xactly common stock for $15.65 per share in cash.

The investigation concerns whether the Board of Xactly breached their fiduciary duties to shareholders and whether Vista is underpaying for the Company. The price being paid by Vista is below an analyst price target of $20 per share. 

If you are a shareholder of Xactly 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 ([email protected]) 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
[email protected]

SOURCE Johnson & Weaver, LLP

Related Links

http://johnsonandweaver.com