|[August 04, 2014]
SHAREHOLDER ALERT: Brower Piven Announces The Investigation Of GFI Group, Inc. In Connection With The Proposed Sale Of The Company To CME Group, Inc.
STEVENSON, Md. --(Business Wire)--
The securities litigation law firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches of
fiduciary duty and other violations of state law by the Board of
Directors of GFI Group Inc. ("GFI" or the "Company") (NYSE: GFIG)
relating to the proposed buyout of the Company by CME Group Inc. ("CME").
On July 30, 2014, GFI and CME announced the signing of a definitive
merger agreement pursuant to which CME will acquire GFI. Under the terms
of the agreement, GFI shareholders will receive $4.55 per share in CME
Class A Common Stock for each share of GFI stock owned. Following the
closing of the transaction, CME will sell GFI's wholesale brokerage and
cleaing businesses to a private consortium of GFI management.
The firm's investigation seeks to determine, among other things, whether
the Company's Board of Directors breached their fiduciary duties by
failing to maximize shareholder value before agreeing to enter into the
transaction, and whether CME is underpaying for GFI shares.
If you currently own common stock of GFI and would like to learn more
about the investigation being conducted by Brower Piven, without cost or
obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html.
You may also request more information by contacting Brower Piven either
by email at firstname.lastname@example.org
or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating
securities and other class action cases and have been advocating for the
rights of shareholders since the 1980s.
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