SHAREHOLDER UPDATE: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Textura Corporation
14 May 2016 - 11:15AM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Textura Corporation ("Textura” or "the Company") (NYSE: TXTR) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to Oracle
Corporation (“Oracle”).
Click here to learn more about the investigation
http://brodsky-smith.com/1069-txtr-textura-corporation.html, or
call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Textura shareholders will
receive only $26.00 in cash for each share of Textura stock they
own. The investigation concerns whether the Board of Textura
breached their fiduciary duties to shareholders and whether Oracle
is underpaying for the Company. The transaction may undervalue the
Company and would result in a loss for many Textura shareholders.
For example, Textura stock traded at $30.59 per share on June 3,
2015 and traded at $29.88 per share on November 4, 2015.
If you own shares of Textura stock and wish to discuss the legal
ramifications of the investigation, or have any questions, you may
e-mail or call the law office of Brodsky & Smith, LLC who will,
without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J.
Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
510, Bala Cynwyd, PA 19004, by visiting
http://brodsky-smith.com/1069-txtr-textura-corporation.html, or
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
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version on businesswire.com: http://www.businesswire.com/news/home/20160513005921/en/
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90http://brodsky-smith.com/1069-txtr-textura-corporation.html
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