This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Block & Leviton LLP Investigates NYSE Euronext's Board Of Directors For Possible Breaches Of Fiduciary Duty

BOSTON, Dec. 20, 2012 /PRNewswire/ -- Block & Leviton LLP ( blockesq.com), a Boston-based law firm representing investors nationwide, is investigating possible breaches of fiduciary duty by the Board of Directors of NYSE Euronext ("Euronext" or the "Company") (NYSE: NYX) with regard to a proposed sale of the Company to IntercontinentalExchange, Inc. ("Intercontinental") (NYSE: ICE) in a stock-and-cash transaction currently valued at approximately $8.2 billion

Under the terms of the agreement, Euronext shareholders will have the option to receive per-share consideration for their Euronext holdings of (i) $33.12 in cash, (ii) 0.2581 in Intercontinental common shares, or (iii) a mix of cash and stock, subject to a maximum aggregate cash consideration of approximately $2.7 billion (the rest of the consideration requires the Euronext shareholder to take Intercontinental stock).  The Company has traded in the $30 range as recently as March 2012.

The investigation is focused on the potential unfairness of the price to Euronext shareholders and the process by which the Euronext Board of Directors considered and approved the transaction. Block & Leviton's investigation seeks to determine, among other things, whether the members of Euronext's Board of Directors have breached their fiduciary duty by failing to maximize shareholder value in the proposed transaction.  If you have any information relevant to this investigation, or if you have questions about your legal rights, please contact Mark Delaney at 617-398-5650 or email him at mark@blockesq.com.

Block & Leviton is a Boston-based law firm representing investors for violations of the securities laws.  The firm's lawyers have collectively been prosecuting securities cases on behalf of investors for over 50 years.

This notice may constitute attorney advertising.  

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,102.38 -272.38 -1.66%
S&P 500 1,921.22 -29.91 -1.53%
NASDAQ 4,683.9190 -49.5780 -1.05%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs