NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong are investigating the Board of Directors of NYSE Euronext (“NYSE Euronext” or the “Company”) (NYSE: NYX) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the company to Deutsche Boerse AG (NasdaqGS: DB1). Under the terms of the transaction, each share NYSE Euronext stock will be converted to 0.47 shares in a new company in which NYSE Euronext shareholders would own a minority 40% interest.
The investigation concerns whether the NYSE Euronext Board of Directors breached their fiduciary duties to NYSE Euronext stockholders by failing to adequately shop the Company before entering into this transaction and whether Deutsche Boerse AG is underpaying for NYSE Euronext shares, thus unlawfully harming NYSE Euronext stockholders. As reported by Yahoo! Finance, at least one analyst set a price target for NYSE Euronext stock at $46 per share.
If you own common stock in NYSE Euronext and wish to obtain additional information, please contact Vincent Wong, Esq. either via email vw@wongesq.com, by telephone at 212.584.2740, or visit http://www.wongesq.com/nyseeuronext.html.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.