NEW YORK, May 24, 2016 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Xura Inc. ("Xura" or the "Company") (NASDAQ: MESG) (ISIN: US98420V1070) (CUSIP: 98420V107) concerning the proposed acquisition of Xura by affiliates of Siris Capital Group, LLC.
Xura shareholders seeking more information about this acquisition are advised to contact Robert Willoughby at firstname.lastname@example.org or 212-661-1100 or 888-476-6529, ext. 9980.
The investigation concerns whether the Xura directors are breaching their fiduciary duties by failing to adequately maximize shareholder value. Under the terms of the proposed transaction, Xura shareholders will be entitled to receive $25.00 in cash for each share of Xura common stock.
However, an analyst recently set a target price of $30.00 per share. Moreover, Total Revenue, Total Assets, and Book Value are below the average of comparable transactions, according to a Bloomberg analysis.
Pomerantz LLP, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz LLP pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz LLP continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of defrauded investors. See www.pomerantzlaw.com.
212-661-1100 ext. 9980
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SOURCE Pomerantz LLP