STEVENSON, Md., Aug. 22, 2014 /PRNewswire/ -- The securities
litigation law firm of Brower Piven, A Professional Corporation,
has commenced an investigation into possible breaches of fiduciary
duty and other violations of state law by the Board of Directors of
GFI Group Inc. ("GFI" or the "Company") (NYSE: GFIG) relating to
the proposed buyout of the Company by CME Group Inc. ("CME").
On July 30, 2014, GFI and CME
announced the signing of a definitive merger agreement pursuant to
which CME will acquire GFI. Under the terms of the agreement,
GFI shareholders will receive $4.55
per share in CME Class A Common Stock for each share of GFI stock
owned. Following the closing of the transaction, CME will sell
GFI's wholesale brokerage and clearing businesses to a private
consortium of GFI management.
The firm's investigation seeks to determine, among other things,
whether the Company's Board of Directors breached their fiduciary
duties by failing to maximize shareholder value before agreeing to
enter into the transaction, and whether CME is underpaying for GFI
shares.
If you currently own common stock of GFI and would like to learn
more about the investigation being conducted by Brower Piven,
without cost or obligation to you, please visit our website at
http://www.browerpiven.com/currentinvestigations.html. You
may also request more information by contacting Brower Piven either
by email at hoffman@browerpiven.com or by telephone at (410)
415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
CONTACT:
Charles J. Piven
Brower Piven, A Professional Corporation
1925 Old Valley Road
Stevenson, Maryland 21153
Telephone: 410-415-6616
hoffman@browerpiven.com
SOURCE Brower Piven, A Professional Corporation