(IBwire.com – April 21, 2011) - The Law Offices of Marc S. Henzel (www.henzellaw.com) a firm focusing on shareholder litigation, is investigating the proposed buyout of TradeStation Group, Inc. (Nasdaq: TRAD) by Monex Group, Inc. (Tokyo Stock Exchange: 8698).
According to reports, the two companies 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, or approximately $411 million in aggregate, through a cash tender offer followed by a merger. Under the terms of the agreement, which has been unanimously approved by TradeStation and Monex's respective Boards of Directors, TradeStation's shareholders will receive $9.75 in cash for each outstanding share of TradeStation common stock they own, which represents a 39% premium to TradeStation's share price 30 days ago, on March 21, 2011, and a 32% premium to TradeStation's closing stock price on April 20, 2011, the last full trading day before today's announcement.
If you own shares TradeStation Group, Inc. (Nasdaq: TRAD) and would like to learn more about any potential claims or you wish to discuss these matters and have any questions concerning this announcement or your rights, please contact Marc S. Henzel (610) 660-8000, email at Mhenzel@Henzellaw.com, or to sign up online, visit the firms website at www.henzellaw.com.
The Law Offices of Marc S. Henzel is a national shareholder litigation firm representing shareholders & investors in various areas of securities laws including but not limited to; class actions, derivatives, transactional (buyouts/mergers) and FINRA & NYSE Arbitrations.
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Law Offices of Marc S. Henzel
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