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If you purchased shares of Textura Corp (NYSE:TXTR) and currently hold any of those NYSE:TXTR shares, you have certain options and you should contact the Shareholders Foundation, Inc.
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To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Investigation Overview
May 02, 2016 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Textura Corp (NYSE:TXTR), was announced concerning whether the takeover of Textura Corp. by Oracle for $26.00 per share is unfair to NYSE:TXTR stockholders.
The investigation by a law firm concerns whether certain officers and directors of Textura Corp breached their fiduciary duties owed to NYSE:TXTR investors in connection with the proposed acquisition.
On April 28, 2016, Textura Corp announced that it has entered into an agreement to be acquired by Oracle. Under the terms of the agreement, Textura shareholders will receive $26.00 in cash per share of common stock they hold.
However, given that NYSE:TXTR shares reached as high as $31.23 per share in 2015, the investigation concerns whether the offer is unfair to NYSE:TXTR stockholders. More specifically, the investigation concerns whether the Textura 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.
