GFI GROUP INC. INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of GFI Group Inc. (GFIG) Over the Proposed Sale of the Company to CME Group Inc. (CME)
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of GFI Group Inc. (“GFI” or the “Company”) (NYSE: GFIG) for potential breaches of fiduciary duties in connection with the sale of the Company to CME Group Inc. (“CME”) for approximately $580 million. CME will also assume GFI’s outstanding debt which is approximately $240 million, bringing the total value of the deal to $820 million. The Company’s stockholders will only receive $4.55 for each share of GFI common stock they own. According to Yahoo! Finance, at least one analyst has set a price target of $5.00 for the Company.
The investigation focuses on whether GFI’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of GFI’s shareholders.
If you own common stock in GFI and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
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Tel: (212) 983-9330
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