BUYOUT OF KNIGHT - LAW FIRM SEEKS MORE MONEY FOR SHAREHOLDERS
GlobeNewswire
November 28, 2012
New York, New York -- Tripp Levy PLLC, a leading national securities law firm, announces that it has been retained to represent shareholders of Knight Capital Group in connection with a proposed acquisition. Getco Holdings, which owns 24% of Knight, offered to acquire the remaining shares of Knight that it does not already own for approx. $3.50 per share in cash and stock.
The investigation concerns whether the board of directors of Knight are breaching their fiduciary duties in connection with a proposed sale of the company at this price. Indeed, Knight's book value alone is worth at least $6.70 per share.
If you are a shareholder of Knight and would like additional information with respect to how this buyout affects your rights as a shareholder, please contact us toll free at 877-772-3975 or email at contact @ tripplevy