BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of NYSE Euronext (NYSE:NYX), the parent company of the New York Stock Exchange, related to the Company’s agreement to combine with Deutsche Börse AG (“Deutsche Börse”).
The proposed transaction is structured as a combination of Deutsche Börse and NYSE Euronext under a newly created, Netherlands-based holding company. Under the terms of the parties’ agreement, NYSE Euronext shareholders will receive 0.47 shares of the holding company for each share they own of NYSE Euronext stock. The new holding company will commence an exchange offer, in which Deutsche Börse shareholders may tender their shares for an equal number of shares of the new holding company. If the transaction is completed, the former Deutsche Börse shareholders would own 60% of the combined company and the former NYSE Euronext shareholders would own 40%, if all Deutsche Börse shares are tendered into the offer. The transaction is expected to close at the end of 2011. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the proposed transaction by the NYSE Euronext board of directors.
If you are a shareholder of NYSE Euronext, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.