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TRAD Tradestation Grp. (MM)

9.74
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Tradestation Grp. (MM) NASDAQ:TRAD NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 9.74 0 01:00:00

Robbins Umeda LLP Is Investigating TradeStation Group, Inc. Acquisition for Shareholders

21/04/2011 11:55pm

Business Wire


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Robbins Umeda LLP, a shareholder rights litigation firm, is interested in helping shareholders of TradeStation Group, Inc. (NASDAQ: TRAD). The firm has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by members of the board of directors of TradeStation in connection with their efforts to be acquired by Monex Group, Inc. (Tokyo Stock Exchange: 8698).

If you own stock in TradeStation and would like more information about your shareholder rights, please contact Gregory E. Del Gaizo at 800-350-6003 or via the shareholder information form on our website.

On April 21, 2011, TradeStation and Monex announced they have entered into a definitive agreement pursuant to which a subsidiary of Monex will acquire all the outstanding common stock of TradeStation for $9.75 per share, through a cash tender offer followed by a merger. It is anticipated that the Monex will commence a tender offer for all of the outstanding shares of TradeStation by May 10, 2011. If the tender offer is successful, the transaction is expected to close in the third quarter 2011.

Robbins Umeda's investigation focuses on whether TradeStation's board is undertaking a fair process to obtain maximum value for its shareholders. Notably, TradeStation reported positive fourth quarter 2010 financial results and 2011 guidance. As a result, one analyst set a target price of $10.00 for the company.

Robbins Umeda LLP represents individual and institutional shareholders in derivative, direct, and class action lawsuits. The firm's skilled litigation teams include former federal prosecutors, former defense counsel from top multinational corporate law firms, and career shareholder rights attorneys. Robbins Umeda LLP has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. For more information, please go to http://www.robbinsumeda.com.

Press release link: http://www.robbinsumeda.com/shareholders-rights-blog/tradestation-group-inc/

Attorney Advertising. Past results do not guarantee a similar outcome.

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