Mon, Sep 22, 2014, 4:20 PM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

NYSE Euronext, Inc. Message Board

  • ihatesachinshah ihatesachinshah Dec 20, 2012 8:39 AM Flag

    BUYOUT - LOW PRICE - LAW FIRM SEEKS HIGHER OFFER FOR SHAREHOLDERS

     

    PRNewswire
    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.

    This topic is deleted.
 

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.