NEW YORK, Dec. 24, 2012 /PRNewswire/ -- Morgan & Morgan is investigating potential claims against the board of directors of NYSE Euronext, Inc. ("NYX" or "NYSE Euronext") concerning the proposed acquisition of NYSE Euronext by IntercontinentalExchange, Inc. ("ICE").
If you are a current shareholder of NYSE Euronext and are interested in learning more about our NYSE Euronext merger investigation, please contact George Pressly, Esq. at 1 (800) 631-6234 or email George at firstname.lastname@example.org.
On December 20, 2012, NYSE Euronext announced that it had entered into an agreement to be acquired by ICE in a transaction valued at approximately $8.2 billion. Under the terms of the agreement, NYSE Euronext shareholders will receive approximately $33.12 in cash and ICE stock for each share of NYSE Euronext stock owned. As part of the merger agreement, NYSE Euronext board of directors agreed to pay ICE a $300 million termination fee if NYSE Euronext board of directors accepts a superior offer from a third party. Additionally, NYSE Euronext board of directors agreed to pay ICE a $450 million termination fee if NYSE Euronext board of directors elected not to proceed with the announced merger for reasons different than a superior third party offer.
Our investigation concerns whether NYSE Euronext's board of directors has breached its fiduciary duties to act in the best interests of all of the NYSE Euronext shareholders and to take all necessary steps to ensure that NYSE Euronext shareholders receive the maximum value readily available for their shares of NYX common stock.About Morgan & Morgan Morgan & Morgan is one of the nation's largest 200 law firms. In addition to securities fraud, the firm also practices in the areas of antitrust, personal injury, consumer protection, overtime, and product liability. All of the Firm's legal endeavors are rooted in its core mission: provide investor and consumer protection and always fight "for the people." Attorney advertising. Prior results do not guarantee a similar outcome.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV