Actionable news
0
All posts from Actionable news
Actionable news in TXTR: TEXTURA CORPORATION,

Textura Corporation Acquisition May Not Be in the Best Interests of TXTR Shareholders

NEW YORK, May 2, 2016 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Textura Corporation ("TXTR" or the "Company") in connection with the proposed acquisition of the Company by Oracle Corporation ("Oracle"). On April 28, 2016, the Company announced it had reached a definitive agreement for Oracle to acquire all outstanding shares of TXTR in a transaction valued at approximately $663 million. Under the terms of the agreement, TXTR shareholders will receive $26.00 in cash for each TXTR share they own.

WeissLaw is investigating whether TXTR's Board acted to maximize shareholder value prior to entering into the agreement. Notably, the Company's shares traded for $30.00, or $4.00 above...


More