Harwood Feffer LLP Announces Investigation of Xactly Corporation
May 30, 2017
NEW YORK, May 30, 2017 /PRNewswire-USNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Xactly Corporation ("Xactly" or the "Company") (NYSE: XTLY) concerning the proposed acquisition of the Company by Vista Equity Partners ("Vista").
Under the terms of the offer, Vista would acquire Xactly in a merger valued at approximately $564 million. Pursuant to the terms of the transaction, common shareholders of Xactly will receive $15.65 per share of Xactly owned. At least one Wall Street analyst has set a target price for Xactly stock of $20.00.
Our investigation concerns whether the Xactly 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 stockholders.
If you own Xactly 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:
Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
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.
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