May 31, 2016 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Xura Inc (NASDAQ:MESG), was announced concerning whether the takeover of Xura Inc by affiliates of Siris Capital Group, LLC for $25.00 per share is unfair to NASDAQ:MESG stockholders.

The investigation by a law firm concerns whether certain officers and directors of Xura Inc breached their fiduciary duties owed to NASDAQ:MESG investors in connection with the proposed acquisition.

On May 23, 2016 Xura Inc announced that it has entered into an agreement to be acquired by affiliates of Siris Capital Group, LLC in a transaction reflecting an equity value of approximately $643 million. Under the terms of the agreement, Siris Capital Group, LLC will acquire all of the outstanding shares of Xura's common stock for $25.00 per share in cash.

However, given that at least one analyst has set the high target price for NASDAQ:MESG shares at $30.00 per share, the investigation concerns whether the offer is unfair to NASDAQ:MESG stockholders. More specifically, the investigation concerns whether the Xura 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.

Shares of Xura Inc (NASDAQ:MESG) closed on May 31, 2016, at $24.82 per share.