Shareholders Foundation, Inc.

Lawsuit for Investors Against Takeover of KCG Holdings, Inc. (NYSE:KCG) Filed

A lawsuit was filed for investors in shares of KCG Holdings, Inc. (NYSE:KCG) in connection with the proposed takeover and NYSE:KCG stockholders should contact the Shareholders Foundation.

 

San Diego, CA -- (SBWIRE) -- 05/30/2017 -- The Shareholders Foundation announces that an investor, who currently holds shares of KCG Holdings, Inc. (NYSE:KCG), filed a lawsuit against the proposed takeover of KCG Holdings, Inc. by Virtu Financial, Inc. for $20.00 per share.

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 plaintiff alleges that the defendants breached their fiduciary duties owed to NYSE:KCG stockholders by agreeing to sell KCG Holdings, Inc. cheaply via an unfair process to Virtu Financial, Inc.

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, plaintiff claims that the proposed consideration NYSE:KCG shareholders will receive is grossly inadequate and undervalues KCG Holdings, Inc. In addition, the plaintiff alleges that the process is also unfair NYSE:KCG stockholders.

Shares of KCG Holdings, Inc. Class A (NYSE:KCG) closed on May 26, 2017 at $19.85 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