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Technology Stocks : XO Holdings, Inc. (XOHO - XO Communications)

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To: FJB who wrote (580)	1/28/2011 4:32:38 AM
From: tech101	1 Recommendation of 615

Madoff's Roommate - Getting Closer The Fifth pr-usa.net The Law Offices of Vincent Wong Announces an Investigation into the Board of XO Holdings, Inc. The Law Offices of Vincent Wong are investigating the Board of Directors of XO Holdings, Inc. (OTC: XOHO) for possible breaches of fiduciary duty and other violations of state law in connection with the proposed takeover bid from Carl Icahn. Icahn is the chairman of XO Holdings, and already holds a majority of XO’s common stock. Under the terms of the proposed transaction, XO Holdings stockholders would receive $0.70 cash per share of XO Holdings stock. Icahn stated that in no event will he vote his shares in favor of another bid by a third party. The investigation concerns whether the proposed price to be paid to XO Holdings shareholders is inadequate and substantially below the inherent value of XO Holdings and whether Icahn is acting in the best interests of XO Holdings shareholders. Indeed, XO Holdings stock traded as high as $0.76 per share as recently as January 18, 2011, the day before the $0.70 proposal was made. If you own common stock in XO Holdings and wish to obtain additional information, please contact Vincent Wong, Esq. either via email vw@wongesq.com, by telephone at 212.584.2740, or visit wongesq.com. Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT: Vincent Wong, Esq. 39 East Broadway Suite 304 New York, NY 10002 Tel. 212.584.2740 Fax. 866.367.6510 E-Mail: vw@wongesq.com

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