B. Riley Downgrades Xura, Inc (MESG) to Neutral

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Go back to B. Riley Downgrades Xura, Inc (MESG) to Neutral

Siris Capital to Acquire Xura (MESG) in ~$643M Deal

May 23, 2016 8:12 AM EDT

Xura, Inc., (Nasdaq: MESG) announced that it has entered into a definitive agreement to be acquired by affiliates of Siris Capital Group, LLC (Siris) in a transaction reflecting an equity value of approximately $643 million. In addition, as part of the transaction, Xuras existing credit facility will be refinanced.

Under the terms of the agreement, Siris will acquire all of the outstanding shares of Xuras... More