We Give Shareholders a Voice
Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Xerium Technologies, Inc. to Andritz AG. Under the terms of the transaction, Xerium shareholders will receive $13.50 for each share of Xerium common stock that they own.
The investigation concerns whether the Board of Xerium breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Andritz AG is underpaying for Xerium shares, thus unlawfully harming Xerium shareholders.
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