Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of TradeStation Group, Inc. in Connection wi...
April 22 2011 - 8:30PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
TradeStation Group, Inc. (“TradeStation” or the “Company”)
(NASDAQ:TRAD) related to the Company’s agreement to be acquired by
Monex Group, Inc. in a proposed transaction where TradeStation
shareholders will receive $9.75 in cash for each share they own of
the Company’s common stock. The transaction is valued at
approximately $411 million.
The investigation concerns whether the board of directors of
TradeStation breached their fiduciary duties to stockholders by
failing to adequately shop the Company before agreeing to enter
into the proposed transaction, and whether the Company has
disclosed all material information to shareholders about the
transaction. Specifically, the Company has seen substantial growth
over the past six months and its shares have increased over 40%
during the same period. Further, at least one analyst has set a
target price of $10.00 per share, virtually nullifying any premium
that TradeStation shareholders would receive under the
transaction.
If you are a shareholder of TradeStation, if you have
information or would like to learn more about these claims, or if
you wish to discuss these matters or have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or
visit our website at http://www.howardsmithlaw.com.
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