NEW YORK, May 24, 2016 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Xura, Inc. ("Xura" or the "Company") (NASDAQ: MESG) concerning the proposed acquisition of the Company by affiliates of Siris Capital Group, LLC ("Siris").
Under the terms of the offer, Siris would acquire Xura in a transaction valued at approximately $640 million. Pursuant to the deal, Xura stockholders will receive $25 in cash per share. As recently as December 2015, Xura stock closed above the offer price.
Our investigation concerns whether the Xura board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders.
If you own Xura shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Benjamin I. Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
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Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP