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Lawsuit filed for Investors in Xilinx, Inc. (NASDAQ: XLNX) in connection with Takeover

03-20-2021 02:51 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A lawsuit was filed by an investor of Xilinx, Inc. (NASDAQ: XLNX) in connection with the proposed takeover.

A lawsuit was filed by an investor of Xilinx, Inc. (NASDAQ: XLNX) in connection with the proposed takeover.

An investor, who currently hold shares of Xilinx, Inc. (NASDAQ: XLNX), filed a lawsuit in connection with the proposed takeover of Xilinx, Inc by AMD.

Investors who purchased shares of Xilinx, Inc. (NASDAQ: XLNX) and currently hold any of those Xilinx, Inc. (NASDAQ: XLNX shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

San Jose, CA based Xilinx, Inc. designs and develops programmable devices and associated technologies worldwide. On October 27, 2020, AMD (NASDAQ: AMD) and Xilinx (NASDAQ: XLNX) announced they have entered into an agreement for AMD to acquire Xilinx in an all-stock transaction valued at $35 billion. Under the terms of the agreement, Xilinx stockholders will receive a fixed exchange ratio of 1.7234 shares of AMD common stock for each share of Xilinx common stock they hold at the closing of the transaction. Based on the exchange ratio, this represented approximately $143 per share of Xilinx common stock
However, the plaintiff alleges that that the Merger Consideration is inadequate and that the Registration Statement that was filed in connection with the proposed transaction (the "Proxy") provides shareholders with materially incomplete and misleading information with the Securities and Exchange Commission, in violation of Sections 14(a) and 20(a) of the Exchange Act. In particular, the complaint alleges that the Proxy contains materially incomplete and misleading information concerning: (i) financial projections for Xilinx and AMD; (ii) the valuation analyses performed by the Company's financial advisor in support of its fairness opinion; and (iii) background process leading up to the Proposed Transaction.

Those who are current investors in Xilinx, Inc. (NASDAQ: XLNX) shares have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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