Mon, January 31, 2011
Sun, January 30, 2011
Fri, January 28, 2011
Thu, January 27, 2011
[ Thu, Jan 27th 2011 ]: Market Wire
Mortgage Ratesa Mixed Bag
Wed, January 26, 2011
Tue, January 25, 2011
Mon, January 24, 2011
Fri, January 21, 2011
Thu, January 20, 2011
Wed, January 19, 2011
Tue, January 18, 2011
Mon, January 17, 2011
[ Mon, Jan 17th 2011 ]: Market Wire
COMDEV Wins Military Contract
Fri, January 14, 2011
[ Fri, Jan 14th 2011 ]: Market Wire
00p.m. PS T 500p.m. ES T
Thu, January 13, 2011
[ Thu, Jan 13th 2011 ]: Market Wire
Mortgage Rates Mostly Lower
Wed, January 12, 2011
Tue, January 11, 2011
Mon, January 10, 2011

Management Buyoutof XO Holdings Investigatedby Tripp Levy PLL Con Behalfof XO Shareholders

  Copy link into your clipboard //science-technology.news-articles.net/content/2 .. tripp-levy-pll-con-behalfof-xo-shareholders.html
  Print publication without navigation Published in Science and Technology on by Market Wire
          🞛 This publication is a summary or evaluation of another publication

NEW YORK--([ BUSINESS WIRE ])--Tripp Levy PLLC, a leading national securities law firm, announces an investigation into the acquisition of XO Holdings Inc. (OTCBB: XOHO). On January 19, 2011, Carl Icahn, the Chairman and holder of over 62% of the outstanding shares of XO, proposed to acquire the remaining shares of XO that he does not already own for only $0.70 per share. Icahn stated that in no event will he vote his shares in favor of another bid by a third party.

The investigation concerns, among other things, whether the consideration to be paid to XO shareholders is grossly unfair, inadequate, and substantially below the fair or inherent value of XO. Indeed, the offer is 6.7% below the price that XOa™s shares traded at the day prior to the announcement of this offer. The investigation further concerns whether Icahn, as the majority holder, as well as the directors of XO may not be acting in XO shareholders' best interests in connection with the proposed transaction.

If you own XO common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Tripp Levy
Tripp Levy PLLC
125 East 82nd Street

9th Floor

New York, New York
Toll Free: 877-772-3975

Email: contact@tripplevy.com

Tripp Levy PLLC is a national law firm that specializes in mergers & acquisitions, takeover litigation, shareholder rights, and corporate governance matters in state and federal courts throughout the United States.