(XPER) Alert: Johnson Fistel Investigates Xperi Corporation; Shareholders Purchasing Before December 19, 2019, Encouraged to Contact Firm

SAN DIEGO, April 28, 2020 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Xperi Corporation XPER ("Xperi" or the "Company") breached their fiduciary duties.

On December 19, 2019, Xperi announced that it had signed a definitive merger agreement with TiVo.  In attempting to justify the all-stock merger agreement, Xperi has described the proposed deal as a "merger of equals" yet, at the closing of the proposed transaction, Xperi stockholders are expected to own only approximately 46% of the combined business, and TiVo stockholders will hold about 54%.

Under terms of the merger, Xperi and TiVo shares will be converted into shares of the new parent company at a fixed exchange ratio of 0.455 Xperi shares per existing TiVo shares. 

If you are a shareholder of Xperi, holding shares prior to December 19, 2019, and you're interested in learning more about the investigation, please contact lead analyst Jim Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing, please include a phone number.

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About Johnson Fistel, LLP:

Johnson Fistel, 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 https://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.

Contact:

Johnson Fistel, LLP

Jim Baker, 619-814-4471

jimb@johnsonfistel.com

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SOURCE Johnson Fistel, LLP