Business & Finance
Business and Finance
Business and Finance
Mon, February 21, 2011
Sun, February 20, 2011
Fri, February 18, 2011 The Law Office of Abe Shainberg Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of NYSE Euronex
NEW YORK--([ BUSINESS WIRE ])--The Law Office of Abe Shainberg is investigating the Board of Directors of NYSE Euronext (NYSE: NYX) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the company to Deutsche Boerse AG (NasdaqGS: DB1). Under the terms of the proposed transaction, NYSE stockholders will receive 0.47 shares in the new company per share of NYSE Euronext stock they own. NYSE Euronext shareholders would own a minority 40% interest in the new company.
The investigation concerns whether the NYSE Euronext Board of Directors breached their fiduciary duties to NYSE Euronext stockholders by failing to adequately shop the Company before entering into this transaction and whether Deutsche Boerse AG is underpaying for NYSE Euronext shares, thus unlawfully harming NYSE Euronext stockholders. According to Yahoo! Finance, at least one analyst set a price target for NYSE Euronext stock at $46 per share. Also, NYSE Euronext shareholders would own a minority 40% interest in the new company.
If you own common stock in NYSE Euronext and wish to obtain additional information, please contact Abe Shainberg, Esq. either via email at [ as@ashainberglaw.com ] or by telephone at (212) 425-7286, or visit [ http://www.ashainberglaw.com/nyse-euronext.html ].
Mr. Shainberg has expertise in prosecuting investor securities litigation, is a certified and registered arbitrator and mediator involving financial matters, and represents investors in various matters nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.
