|[July 30, 2014]
GFIG INVESTOR ALERT: Andrews & Springer LLC's Investigation Signals Potential Red Flags Concerning GFI Group, Inc. Merger
WILMINGTON, Del. --(Business Wire)--
& Springer LLC, a boutique securities class action law firm
focused on representing shareholders nationwide, is investigating
potential breach of fiduciary duty claims against the Board of Directors
of GFI Group Inc. ("GFI" or the "Company") (NYSE:GFIG) relating to the
buyout merger of the Company by CME Group, Inc. ("CME"). On July 30,
2014, the two companies announced the signing of a definitive merger
agreement pursuant to which CME will acquire GFI in a merger. As a
result of the merger, GFI shareholders are only anticipated to receive
$4.55 per share in CME stock in exchange for each share of GFI.
Our Firm's investigation has so far uncovered that the process leading
up to the announcement of the merger appears to have some questionable
conflicts of interest, thus making the process and consideration unfair.
Specifically, following the merger, GFI management will buyback GFI's
brokerage business, Kyte Group, from CME for $165 million in cash along
with the assumption of $63 million of unvested deferred compensation and
other liabilities. Based on this information, our investigation is
looking into whether the brokerage business buyback led by GFI
management tainted the sales process and impeded management's ability to
negotiate the best possible deal for GFI shareholders.
Given thi information, Andrews & Springer LLC is preparing a class
action lawsuit as a result. If you own shares of GFI and want to receive
additional information and protect your investments free of charge,
please visit us at http://www.andrewsspringer.com/cases-investigations/gfig
or contact Craig J. Springer, Esq. at email@example.com,
or call toll free at 1-800-423-6013. You may also follow us on LinkedIn (News - Alert)
Twitter (News - Alert) - www.twitter.com/AndrewsSpringer
or Facebook (News - Alert) - www.facebook.com/AndrewsSpringer
for future updates.
Andrews & Springer is a boutique securities class action law firm
representing shareholders nationwide who are victims of securities
fraud, breaches of fiduciary duty or corporate misconduct. Having
formerly defended some of the largest financial institutions in the
world, our founding members use their valuable knowledge, experience,
and superior skill for the sole purpose of achieving positive results
for investors. These traits are the hallmarks of our
innovative approach to each case our Firm decides to prosecute. For
more information please visit our website at www.andrewsspringer.com.
This notice may constitute Attorney Advertising.
[ Back To Technology News's Homepage ]