Energy News / Shareholders Foundation, Inc.

NYSE: ITG Investor Notice: Investigation of Takeover of Investment Technology Group, Inc.

Via: ReleaseWire

Updated 6:00 AM CST, Wed, November 14,2018

An investigation on behalf of investors of Investment Technology Group, Inc. (NYSE: ITG) in connection with the proposed takeover was announced.

San Diego, CA -- (SBWIRE) -- 11/14/2018 -- An investigation was announced concerning whether the takeover of Investment Technology Group, Inc. by is unfair to NYSE: ITG stockholders.

Investors who purchased shares of Investment Technology Group, Inc. (NYSE: ITG) and currently hold any of those NYSE: ITG shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain directors of Investment Technology Group, Inc breached their fiduciary duties owed to NYSE: ITG investors in connection with the proposed acquisition.

New York, based Investment Technology Group, Inc. operates as a financial technology company in the United States, Canada, Europe, and the Asia Pacific. On November 7, 2018 Investment Technology Group, Inc. (NYSE: ITG) announced that it has reached an agreement for Virtu Financial, Inc. (NASDAQ: VIRT) to acquire all outstanding shares of I Investment Technology Group, Inc. (NYSE: ITG)'s Common Stock for $30.30 per share in cash.
However, the investigation concerns whether the offer is unfair to Investment Technology Group, Inc. (NYSE: ITG stockholders. More specifically, the investigation concerns whether the Investment Technology Group, Inc. (NYSE: ITG Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Shares of Investment Technology Group, Inc. (NYSE: ITG) closed on November 12, 2018, at $30.14 per share.

Those who are current investors in Investment Technology Group, Inc. (NYSE: ITG) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

For more information on this press release visit:
http://www.sbwire.com/press-releases/nyse-itg-investor-notice-investigation-takeover-investment-technology-1084239.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com