Buyout of XETA Technologies, Inc. Causes Shareholder Claim Investigation by Goldfarb Branham Law Firm LLP
15 February 2011 - 3:56AM
Business Wire
Goldfarb Branham LLP is investigating whether the Board of
Directors of XETA Technologies, Inc. (NASDAQ: XETA) violated
shareholder protection laws in connection with the buyout offer by
PAETEC Holding Corporation for $5.50 per share. If you are a XETA
shareholder – or have knowledge of this transaction – you are
encouraged to contact attorney Hamilton Lindley at 877-583-2855 or
hlindley@goldfarbbranham.com.
“Although XETA is expecting to generate $100 million in revenue
for 2011, this buyout values the company at $61 million,”
securities lawyer Hamilton Lindley said. “Our potential class
action lawsuit seeks to ensure that the XETA Board of Directors
maximizes value for investors in this buyout.”
Goldfarb Branham’s lawyers have significant experience
representing individual and institutional investors in over 100
shareholder class action cases. A firm securities lawyer, Hamilton
Lindley, can be reached at hlindley@goldfarbbranham.com or
877-583-2855 to discuss the impact of this buyout on XETA
shareholders.
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