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NYSE Euronext Shareholder Investigation by Briscoe Law Firm Concerning Acquisition and Merger with Deutsche Boerse AG

^{Published on 2011-02-16 08:30:35 - Market Wire}
 

DALLAS--([ BUSINESS WIRE ])--[ The Briscoe Law Firm, PLLC ], founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the securities litigation law firm of [ Powers Taylor, LLP ] are investigating potential legal claims against the Board of Directors of NYSE Euronext (NYSE: NYX) related to the proposed buyout and merger of NYSE Euronext with Deutsche Boerse AG (OTC: DBOEY). The definitive acquisition agreement, which was announced on February 15, 2011, involves a total transaction reportedly valued at approximately $9.5 billion under which NYSE Euronext shareholders will receive a fixed ratio of 0.4700 shares of a new holding company for each share of NYSE Euronext/NYX common stock they hold. Under the merger plan, the new holding company will also launch a tender offer in which shareholders of Deutsche Boerse AG will be able to receive an equal number of shares of the new holding company.

The investigation relates to the fairness of the proposed transaction to NYSE Euronext shareholders, possible breaches of fiduciary duty and other violations of state law by the Board of Directors of NYSE Euronext for approving this transaction, and whether NYSE Euronexta™s Board of Directors acted in the shareholdersa™ best interests. Under closing, and assuming that all Deutsche Boerse AG shares are tendered in the exchange offer, the former NYSE Euronext shareholders will only own 40% of the new entity. Based on these and other factors, the firms believe that the acquisition may not be fair for NYSE Euronext shareholders.

If you currently own shares of NYSE Euronext/NYX and would like additional information regarding this investigation, or if you have information regarding the allegations involved in this transaction, please contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at [ patrick@powerstaylor.com ], or Willie Briscoe at The Briscoe Law Firm, PLLC toll free (877) 397-5991, or via email at [ WBriscoe@TheBriscoeLawFirm.com ]. There is no cost or fee to you.

The Briscoe Law Firm is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation 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.