An investigation for investors in NASDAQ:MESG shares was announced over the takeover of Xura Inc by affiliates of Siris Capital Group, LLC for $25.00 per share.
Investors who purchased shares of Xura Inc (NASDAQ:MESG) and currently hold any of those NASDAQ:MESG shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain officers and directors of Xura Inc breached their fiduciary duties owed to NASDAQ:MESG investors in connection with the proposed acquisition.
On May 23, 2016 Xura Inc announced that it has entered into an agreement to be acquired by affiliates of Siris Capital Group, LLC in a transaction reflecting an equity value of approximately $643 million. Under the terms of the agreement, Siris Capital Group, LLC will acquire all of the outstanding shares of Xura’s common stock for $25.00 per share in cash.
However, given that at least one analyst has set the high target price for NASDAQ:MESG shares at $30.00 per share, the investigation concerns whether the offer is unfair to NASDAQ:MESG stockholders. More specifically, the investigation concerns whether the Xura Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders’ best interests in connection with the proposed sale.
Shares of Xura Inc (NASDAQ:MESG) closed on June 7, 2016, at $24.74 per share.
Those who are current investors in NASDAQ:MESG shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com