TradeStation Group, Inc. Merger Litigation (Nasdaq: TRAD)
Law Office of Brodsky & Smith, LLC Announces Investigation of TradeStation Group, Inc.
BALA CYNWYD – (BUSINESS WIRE) Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of TradeStation Group, Inc. (“TradeStation” or the “Company”) (Nasdaq - TRAD - News) relating to the proposed acquisition by a subsidiary of Monex Group, Inc. (“Monex”).
Under the terms of the transaction, TradeStation shareholders would receive $9.75 in cash for each share of common stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of TradeStation by not acting in TradeStation shareholders' best interests in connection with the sale process to Monex. The transaction, which may undervalue TradeStation contains various deal protections, including a “top-up option” granting Monex the right to purchase additional shares at the offer price.
If you own shares of TradeStation stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org, or by calling toll free 877-LEGAL-90.
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