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Law Office of Brodsky & Smith, LLC Announces Investigation of XETA Technologies, Inc.

  //science-technology.news-articles.net/content/2 .. nces-investigation-of-xeta-technologies-inc.html
  Published in Science and Technology on Friday, February 11th 2011 at 20:41 GMT by Market Wire
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BALA CYNWYD, Pa.--([ BUSINESS WIRE ])--Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of XETA Technologies, Inc. (aXETAa or the aCompanya) (Nasdaq - XETA) relating to the proposed acquisition by PAETEC Holding Corporation, Inc. (aPAETECa) in a transaction valued at approximately $61 million.

Under the terms of the offer, XETA shareholders would receive $5.50 in cash for each share of XETA common stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of XETA by not acting in XETA shareholders' best interests by agreeing to various deal protections. The transaction appears to be unfair, in part, because XETA must give PAETC at least five business daysa™ prior written notice of its intention to accept a superior proposal and allow PAETC the opportunity to revise PAETC proposal making it less likely that a higher offer for XETA will be received.

If you own shares of XETA and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at [ investorrelations@brodsky-smith.com ], visiting [ http://brodsky-smith.com/262-xeta-xeta-technologies-inc.html ], or by calling toll free 877-LEGAL-90.