|[December 23, 2013]
INVESTOR ALERT Levi & Korsinsky, LLP Announces Investigation of XYRATEX LTD. and Its Board of Directors In Connection With the Sale of the Company to Intrexon Corporation -- XRTX
NEW YORK --(Business Wire)--
Levi & Korsinsky is investigating the Board of Directors of Xyratex Ltd. (News - Alert)
("Xyratex" or "the Company") (NasdaqGS:XRTX) for possible breaches of
fiduciary duty and other violations of state law in connection with the
sale of the Company to Seagate Technology (News - Alert) plc (NasdaqGS:STX).
Click here to learn more about the action http://zlk.9nl.com/xyratex-xrtx/,
or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of transaction, Xyratex shareholders will receive $13.25
in cashfor each share of Xyratex stock they own. The transaction has a
total approximate value of $374 million. The investigation concerns
whether the Xyratex Board of Directors breached their fiduciary duties
to stockholders by failing to adequately shop the Company before
agreeing to enter into this transaction, and whether Seagate Technology
plc is underpaying for Xyratex shares. In particular at least one
analyst set a price target for Xyratex stock at $14.00 per share.
If you own Xyratex common stock and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at email@example.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/xyratex-xrtx/.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. For more information, please feel
free to contact any of the attorneys listed below. Attorney advertising.
Prior results do not guarantee similar outcomes.
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