SAN DIEGO, May 23, 2016 /PRNewswire/ -- Shareholder rights
law firm Johnson & Weaver, LLP has launched an investigation
into whether the board members of Xura, Inc. (NASDAQ: MESG)
breached their fiduciary duties in connection with the proposed
sale of the Company to Siris Capital Group, LLC.
Additional Information:
Xura provides cloud-based and in-network services enablement and
monetization software solutions for communication service providers
(CSPs) and enterprises worldwide.
On May 23, 2016, Xura announced it
had signed a definitive merger agreement with Siris Capital. Under
the terms of the agreement, Xura stockholders will receive
$25.00 per share in cash.
The investigation concerns whether the Xura board failed to
satisfy their duties to the Company shareholders, including whether
the board adequately pursued alternatives to the acquisition and
whether the board obtained the best price possible for Xura shares
of common stock. Nationally recognized Johnson & Weaver is
investigating whether the proposed deal price represents adequate
consideration; especially given that the price target for
one Wall Street analyst is $30.00.
The 52 week high for Xura stock is $26.63.
If you are a shareholder of Xura and believe the proposed
buyout price is too low or you're interested in learning more about
the investigation or your legal rights and remedies, please contact
lead analyst Jim Baker
(jimb@johnsonandweaver.com) at 619-814-4471. If emailing, please
include a phone number where you can be reached.
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
jimb@johnsonandweaver.com
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SOURCE Johnson & Weaver, LLP