PR Newswire
SAN DIEGO, April 20, 2017
SAN DIEGO, April 20, 2017 /PRNewswire/ -- Shareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board members of KCG Holdings, Inc. (NYSE: KCG) breached their fiduciary duties in connection with the proposed sale of the Company to Virtu Financial, Inc. (NASDAQ: VIRT). KCG is an independent securities firm, providing various services designed to address trading needs across asset classes, product types, and time zones.
On April 20, 2017, KCG announced it had signed a definitive merger agreement with Virtu. Under the terms of the agreement, Virtu has agreed to acquire KCG in a cash transaction valued at $20.00 per KCG share.
The investigation concerns whether the KCG board failed to satisfy their duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for KCG shares of common stock. Nationally recognized Johnson & Weaver is investigating whether the proposed deal price represents adequate consideration.
If you are a shareholder of KCG and believe the proposed buyout price is too low and you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker ([email protected]) at 619-814-4471.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.
Contact:
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
[email protected]
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/kcg-holdings-alert-jw-launches-an-investigation-into-the-sale-of-kcg-holdings-inc-is-20-a-fair-price-300442688.html
SOURCE Johnson & Weaver, LLP
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