September 14, 2015 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Premiere Global Services, Inc. (NYSE:PGI), was announced concerning whether the takeover of Premiere Global Services, Inc. by funds managed or advised by Siris Capital Group, LLC for $14.00 per share is unfair to NYSE:PGI stockholders.

The investigation by a law firm concerns whether certain officers and directors of Premiere Global Services, Inc. breached their fiduciary duties owed to NYSE:PGI investors in connection with the proposed acquisition.

On September 10, 2015, Premiere Global Services, Inc. (NYSE:PGI) announced that it has entered into an agreement to be acquired by funds managed or advised by Siris Capital Group, LLC in a transaction valued at approximately $1 billion. Under the terms of the agreement, Siris Capital Group, LLC will acquire all of the outstanding common stock of Premiere Global Services, Inc. (NYSE:PGI) for $14.00 per share in cash, representing a premium of approximately 23 percent over the closing price on September 10, 2015, and approximately 32 percent over Premiere Global Services, Inc's volume-weighted average share price during the 90 days ended September 10, 2015.

However, the investigation concerns whether the offer is unfair to NYSE:PGI stockholders. More specifically, the investigation concerns whether the Premiere Global Services 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.

Premiere Global Services, Inc. reported that its annual Total Revenue rose from $473.83 million in 2011 to $567.07 million in 2014. Shares of Premiere Global Services, Inc. (NYSE:PGI) grew from $8.92 per share in November 2013 to as high as $$13.75 per share in mid-2014.