GFI GROUP INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of GFI Group Inc.

By PR Newswire,  July 30, 2014, 07:00:00 PM EDT


NEW ORLEANS, July 30, 2014 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of GFI Group Inc. ("GFI" or the "Company") (NYSE:GFIG) to CME Group Inc. ("CME") (NASDAQ: CME).  Under the terms of the proposed transaction, shareholders of GFI will receive only $4.55 in CME Class A common stock for each share of GFI common stock that they own. Then, a private consortium of GFI management, led by current Executive Chairman Michael Gooch, CEO Colin Heffron, and Managing Director Nick Brown, will acquire GFI's wholesale brokerage and clearing businesses for $165M in cash and the assumption, at closing, of approximately $63M of unvested deferred compensation and other liabilities. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.

If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (lewis.kahn@ksfcounsel.com) or associate Michael J. Palestina (michael.palestina@ksfcounsel.com) toll free at any time at 855-768-1857.

To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.

Kahn Swick & Foti, LLC

206 Covington St.

Madisonville, LA 70447

SOURCE Kahn Swick & Foti, LLC



This article appears in: News Headlines

Referenced Stocks: CME, GFIG


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