Siris Capital to buy Xura for $643 mln

Siris Capital Group LLC has agreed to buy Xura Inc for about $643 million. Siris Capital is paying $25 a share cash for Xura, which has a 45-day “go-shop” to solicit alternative offers. Xura, of Wakefield, Massachusetts, designs and sells communications software. Cerberus Business Finance is providing debt financing.

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