Robbins Umeda LLP Is Investigating TradeStation Group, Inc. Acquisition for Shareholders
Robbins Umeda LLP, a shareholder rights litigation firm, is interested in helping shareholders of TradeStation Group, Inc. (NASDAQ: TRAD). The firm has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by members of the board of directors of TradeStation in connection with their efforts to be acquired by Monex Group, Inc. (Tokyo Stock Exchange: 8698).
On April 21, 2011, TradeStation and Monex announced they have entered into a definitive agreement pursuant to which a subsidiary of Monex will acquire all the outstanding common stock of TradeStation for $9.75 per share, through a cash tender offer followed by a merger. It is anticipated that the Monex will commence a tender offer for all of the outstanding shares of TradeStation by May 10, 2011. If the tender offer is successful, the transaction is expected to close in the third quarter 2011.
Robbins Umeda’s investigation focuses on whether TradeStation’s board is undertaking a fair process to obtain maximum value for its shareholders. Notably, TradeStation reported positive fourth quarter 2010 financial results and 2011 guidance. As a result, one analyst set a target price of $10.00 for the company.
If you own stock in TradeStation and would like more information about your shareholder rights, please complete the form below and we will contact you directly. We also welcome you to call us at 800-350-6003.