Robbins Umeda LLP Is Investigating TradeStation Group, Inc. Acquisition for Shareholders
22 4월 2011 - 7:55AM
Business Wire
Robbins Umeda LLP, a shareholder rights litigation firm, is
interested in helping shareholders of TradeStation Group, Inc.
(NASDAQ: TRAD). The firm has commenced an investigation into
possible breaches of fiduciary duty and other violations of state
law by members of the board of directors of TradeStation in
connection with their efforts to be acquired by Monex Group, Inc.
(Tokyo Stock Exchange: 8698).
If you own stock in TradeStation and would like more information
about your shareholder rights, please contact Gregory E. Del Gaizo
at 800-350-6003 or via the shareholder information form on our
website.
On April 21, 2011, TradeStation and Monex announced they have
entered into a definitive agreement pursuant to which a subsidiary
of Monex will acquire all the outstanding common stock of
TradeStation for $9.75 per share, through a cash tender offer
followed by a merger. It is anticipated that the Monex will
commence a tender offer for all of the outstanding shares of
TradeStation by May 10, 2011. If the tender offer is successful,
the transaction is expected to close in the third quarter 2011.
Robbins Umeda's investigation focuses on whether TradeStation's
board is undertaking a fair process to obtain maximum value for its
shareholders. Notably, TradeStation reported positive fourth
quarter 2010 financial results and 2011 guidance. As a result, one
analyst set a target price of $10.00 for the company.
Robbins Umeda LLP represents individual and institutional
shareholders in derivative, direct, and class action lawsuits. The
firm's skilled litigation teams include former federal prosecutors,
former defense counsel from top multinational corporate law firms,
and career shareholder rights attorneys. Robbins Umeda LLP has
helped its clients realize more than $1 billion of value for
themselves and the companies in which they have invested. For more
information, please go to http://www.robbinsumeda.com.
Press release link:
http://www.robbinsumeda.com/shareholders-rights-blog/tradestation-group-inc/
Attorney Advertising. Past results do not guarantee a similar
outcome.
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