GFI Group Inc Shareholder Alert: The Proposed Merger of GFI Group Inc with CME Group Inc is under Investigation by The Young Law Firm
PHOENIXVILLE, Pa.--(BUSINESS WIRE)--The Young Law Firm (the “Firm”), a national shareholder litigation firm, is investigating potential claims concerning the proposed merger of GFI Group Inc (“GFI Group” or the “Company”) (NYSE: GFIG) with CME Group Inc (“CME Group”). On July 30, 2014 the Company announced a two-step transaction through which CME Group will acquire Trayport and FENICS from GFI Group. CME Group will purchase these businesses by first acquiring all of the outstanding shares of GFI Group in exchange for $4.55 per share in CME Group Class A Common Stock. Immediately following the acquisition of GFI Group a private consortium of GFI Group management will acquire GFI Group’s wholesale brokerage and clearing businesses for $165M in cash and the assumption, at closing, of approximately $63M of unvested deferred compensation and other liabilities.
The Firm’s investigation concerns whether the proposed price represents fair value for the Company and whether the interests of the Company’s public shareholders have been adequately protected.
If you have information about the proposed merger of GFI Group or own shares of the Company would like to learn more about the proposed transactions please contact the Firm’s founder, Henry Young, at:
Henry Young Esq. has over 11 years of experience litigating complex shareholder class action lawsuits, including cases resulting in the recovery of millions of dollars for shareholders. The Firm routinely works with and refers cases to other leading law firms around the country to enforce shareholder rights. For more information about the Firm and shareholder cases in general, please visit the Firm’s website: www.theyounglf.com.
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