Pomerantz Law Firm Investigates Claims on Behalf of Investors of FX Alliance Inc.
July 09 2012 - 10:47AM
Business Wire
Pomerantz Haudek Grossman & Gross LLP is investigating
claims on behalf of investors FX Alliance Inc. (“FXall” or the
“Company”) (NYSE: FX) (ISIN: US3612021044) concerning the proposed
acquisition of Amerigroup by Thomson Reuters in a cash transaction
valued at approximately $574.09 million.
The investigation concerns whether the FXall directors are
breaching their fiduciary duties by failing to adequately shop the
Company and maximize shareholder value. Under the terms of the
agreement, FXall shareholders would receive $22.00 in cash per
share of FXall common stock. However, the Price to EBITDA multiple
is below that of comparable transactions. Additionally, FXall only
recently became publicly traded through an IPO in February of this
year.
FXall shareholders seeking more information about this
acquisition are advised to contact Rebecca Jarmon at
rjarmon@pomlaw.com or 212-661-1100 or 888-476-6529, ext. 314.
The Pomerantz Firm, with offices in New York and Chicago, is
acknowledged as one of the premier firms in the areas of corporate,
securities, and antitrust class litigation. Founded by the late
Abraham L. Pomerantz, known as the dean of the class action bar,
the Pomerantz Firm pioneered the field of securities class actions.
Today, more than 75 years later, the Pomerantz Firm continues in
the tradition he established, fighting for the rights of the
victims of securities fraud, breaches of fiduciary duty, and
corporate misconduct. The Firm has recovered numerous
multimillion-dollar damages awards on behalf of defrauded
investors. See www.pomerantzlaw.com.
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