NYSE Euronext Shareholder Alert: Bernstein Liebhard LLP Announces Investigation of Acquisition by IntercontinentalExchange
NEW YORK, Dec. 20, 2012 /PRNewswire/ -- Bernstein Liebhard LLP is investigating whether the Board of Directors of NYSE Euronext or the "Company" (NYSE: NYX) breached its fiduciary duty to its shareholders in agreeing to sell NYSE Euronext to IntercontinentalExchange (NYSE: ICE).
Under the terms of the agreement, NYSE Euronext shareholders will have the option to elect to receive consideration per NYSE Euronext share of (i) $33.12 in cash, (ii) 0.2581 IntercontinentalExchange common shares or (iii) a mix of $11.27 in cash plus 0.1703 ICE common shares, subject to a maximum cash consideration of approximately $2.7 billion and a maximum aggregate number of ICE common shares of approximately 42.5 million. The investigation is focused on the potential unfairness of the price to NYSE Euronext shareholders and the process by which the NYSE Euronext Board of Directors considered and approved the transaction.
If you are interested in discussing your rights as a NYSE Euronext stockholder, with no obligation or cost to you, please contact U. Seth Ottensoser at:
Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. It has been named to The National Law Journal's "Plaintiffs' Hot List" in each of the last ten years.
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SOURCE Bernstein Liebhard LLP