An investigation on behalf of investors in NYSE:TXTR shares in connection with the proposed takeover was announced and NYSE:TXTR stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 05/03/2016 -- An investigation on behalf of investors in shares of Textura Corp (NYSE:TXTR) was announced concerning the acquisition of Textura Corp. by Oracle for $26.00 per share.
Investors who purchased shares of Textura Corp (NYSE:TXTR) and currently hold any of those NYSE:TXTR shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
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.
On April 29, 2016, NYSELTXTR shares closed at $26.39 per share.
Those who are current investors in Textura Corp shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com