Levi & Korsinsky LLP Announces Class Action Lawsuit Against NYFIX, Inc. - NYFX
18 Settembre 2009 - 12:26AM
Marketwired
Levi & Korsinsky announces that a class action lawsuit has been
filed in New York state court challenging the proposed acquisition
of NYFIX, Inc. ("NYFIX" or the "Company") (NASDAQ: NYFX). The
complaint arises out of the announcement by NYFIX stating that it
had entered into a definitive merger agreement with NYSE Euronext,
Inc. (NYSE: NYX). Under the terms of the agreement, NYFIX
shareholders will receive $1.675 in cash for each share of NYFIX
they own for a total transaction value of approximately $144
million, including preferred stock consideration.
The complaint alleges that the consideration offered is
inadequate because it is less than the intrinsic value of the
Company and that the NYFIX Board of Directors breached their
fiduciary duties by agreeing to a strict "no solicitation"
provision and a $5 million termination fee which will all but
ensure that no superior offer will ever be forthcoming.
The companies expect to consummate the transaction in the fourth
quarter of 2009, subject to customary closing conditions, including
all necessary regulatory and stockholder approvals.
If you own common stock in NYFIX and wish to obtain additional
information, please contact us at the number listed below or visit
http://www.zlk.com/nyfx1.html.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard
Korsinsky, Esq. 30 Broad Street - 15th Floor New York, NY 10004
Tel: (212) 363-7500 Fax: (212) 363-7171 www.zlk.com
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