|By PR Newswire||
|September 2, 2014 08:00 PM EDT||
NEW YORK, Sept. 2, 2014 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of XRS Corp. ("XRS" or the "Company") (NASDAQ: XRSC) concerning the proposed acquisition of the Company by Omnitracs LLC ("Omnitracs") in a transaction valued at approximately $178 million.
On September 2, 2014, XRS announced that it had entered into a definitive agreement pursuant to which the Company will be acquired by Omnitracs. Under the terms of the agreement, XRS stockholders will receive $5.60 a share for each XRS share held.
Our investigation concerns whether the XRS board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company shareholders.
If you own XRS shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.
SOURCE Harwood Feffer LLP