|[July 30, 2014]
GFI GROUP SHAREHOLDER ALERT: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Believe the Acquisition of GFI Group by Chicago Mercantile Exchange May be Unfair to Shareholders
DALLAS --(Business Wire)--
Former United States Securities and Exchange Commission attorney Willie
Briscoe and the securities litigation firm of Powers
Taylor LLP are investigating potential claims against the Board of
Directors of GFI Group Inc ("GFI") (NYSE: GFIG) concerning the
acquisition by Chicago Mercantile Exchange Group Inc ("CME"). Under the
terms of the agreement, valued at approximately $580 million, GFI
shareholders will only receive $4.55 per share in CME Class A common
stock. This consideration is well below at least one analyst's estimated
value of $5per share.
If you are an affected investor, and you want to learn more about the
investigation or if you have information that you believe would be
helpful to our investigation of the fairness of the proposed
transaction, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214)
239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com,
or Patrick Powers at Powers Taylor LLP, toll free (877) 728-9607, via
e-mail at firstname.lastname@example.org.
There is no cost or fee to you.
The investigation centers on whether GFI's Board of Directors is acting
in the shareholders' best interests, whether the board considered
alternatives to the merger, and whether the board has employed an
adequate process to review and act on the proposed transaction. Notably,
at least one analyst with Yahoo! Finance believes the true inherent
value of the stock could be as high as $5 per share.
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.
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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