BUYOUT - LOW PRICE - LAW FIRM SEEKS HIGHER OFFER FOR SHAREHOLDERS
December 20, 2012
New York, New York -- Tripp Levy PLLC, a leading national securities law firm, announces that it has been retained to represent shareholders of NYSE in connection with the acquisition of the company by InterContinentalExchange ("ICE"). Under the terms of the merger agreements, shareholders will receive cash and stock valued at approx. $33.12 per NYSE share. Specifically, shareholders elect to receive consideration per NYSE Euronext share of (i) $33.12 in cash, (ii) 0.2581 IntercontinentalExchange common shares or (iii) a mix of $11.27 in cash plus 0.1703 ICE common shares, subject to a maximum cash consideration of approximately $2.7 billion and a maximum aggregate number of ICE common shares of approximately 42.5 million.
The lawsuit concerns whether the board of directors of NYSE breached their fiduciary duties by not obtaining a higher price for shareholders while at the same time negotiating employment agreements and obtaining personal benefits for themselves to sell the company at this price.
If you are a shareholders of NYSE please contact us toll free at 877-772-3975 if you would like to be included with the class of shareholders who are seeking a higher offer for no cost.