An investigation on behalf of investors of KCG Holdings, Inc. (NYSE:KCG) in connection with the proposed takeover was announced and NYSE:KCG stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 04/25/2017 -- An investigation was announced for investors, who currently hold NYSE:KCG shares concerning whether the takeover of KCG Holdings, Inc. by Virtu Financial, Inc. for $20.00 per share is unfair.
Investors who purchased shares of KCG Holdings, Inc. (NYSE:KCG) and currently hold any of those NYSE:KCG shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm concerns whether certain officers and directors of KCG Holdings, Inc. breached their fiduciary duties owed to NYSE:KCG investors in connection with the proposed acquisition.
On April 20, 2017, KCG Holdings, Inc. (NYSE:KCG) announced that it has reached a definitive agreement for Virtu Financial, Inc. (NASDAQ: VIRT) to acquire all outstanding shares of KCG's Class A Common Stock for $20.00 per share in cash.
However, the investigation concerns whether the offer is unfair to NYSE:KCG stockholders. More specifically, the investigation concerns whether the KCG Holdings Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
Shares of KCG Holdings, Inc. Class A (NYSE:KCG) closed on April 24, 2017 at $19.73 per share.
Those who are current investors in KCG Holdings, Inc. shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com