XURA, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
May 23 2016 - 10:45AM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of Xura, Inc.
(NASDAQ GM: MESG)?
- Did you purchase any of your shares
prior to May 23, 2016?
- Do you think the proposed buyout
price is too low?
- Do you want to discuss your
rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Xura, Inc.
(“Xura” or the “Company”) (NASDAQ GM: MESG) regarding possible
breaches of fiduciary duties and other violations of law related to
the Company’s entry into an agreement to be acquired by affiliates
of Siris Capital Group, LLC (“Siris”), in a transaction valued at
approximately $643 million.
Click here to learn more:
http://rigrodskylong.com/investigations/xura-inc-mesg.
Under the terms of the agreement, shareholders of Xura will
receive $25.00 in cash for each share of Xura common stock.
The investigation concerns whether Xura’s board of directors
failed to adequately shop the Company and obtain the best possible
value for Xura shareholders before entering into an agreement with
Siris. According to Yahoo! Finance, at least one analyst has issued
a price target for Xura stock at $30.00 per share.
If you own the common stock of Xura and purchased your shares
before May 23, 2016, if you have information or would like to learn
more about these claims, or if you wish to discuss these matters or
have any questions concerning this announcement or your rights or
interests with respect to these matters, please contact Seth D.
Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter
Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888)
969-4242; by e-mail to info@rl-legal.com, or at:
http://rigrodskylong.com/investigations/xura-inc-mesg.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
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version on businesswire.com: http://www.businesswire.com/news/home/20160523006046/en/
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M.
Serra888-969-4242302-295-5310Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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