NYSE Euronext Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to IntercontinentalExchange
20 Dicembre 2012 - 5:47PM
Business Wire
Former United States Securities and Exchange Commission attorney
Willie Briscoe and the securities litigation firm of Powers Taylor,
LLP are investigating the sale of NYSE Euronext (“NYX”) (NYSE: NYX)
to IntercontinentalExchange for shareholders. Under the terms of
the proposed deal valued at approximately $8 billion, NYX
shareholders will only receive consideration valued at $33.12 for
each share of NYX stock owned. Specifically, shareholders will have
the option to elect to receive (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.
If you are an affected investor, and you want to learn more
about the lawsuit or join the action, contact Zach Groover at
Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at
zach@powerstaylor.com or Willie Briscoe at The Briscoe Law Firm,
PLLC, (214) 706-9314, or via email at
WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.
The NYX sale investigation centers on whether NYX’s shareholders
are receiving adequate compensation for their shares in the buyout,
whether the transaction undervalues NYX’s stock, and whether NYX’s
board attempted to obtain the highest share price for all
shareholders prior to agreeing to the deal. Shareholder rights
attorney Willie Briscoe stated that “the proposed sale price, the
size of the deal and other factors lead us to believe that this
transaction may undervalue NYX’s stock. Our lawsuit will seek to
obtain the highest share price for all shareholders.”
The Briscoe Law Firm, PLLC is a full service business litigation
and shareholder rights advocacy firm with more than 20 years of
experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that
handles a variety of complex business litigation matters, including
claims of investor and stockholder fraud, shareholder oppression,
shareholder derivative suits, and security class actions.
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