NEW YORK, Dec. 14, 2016 /PRNewswire/ -- Juan
Monteverde, founder and managing partner at Monteverde &
Associates PC, a boutique securities firm headquartered at the
Empire State Building in New York
City, is investigating the Board of Directors of Bats Global
Markets, Inc. ("Bats" or the "Company")(NASDAQ: BATS) for potential
breaches of fiduciary duties in connection the sale of the Company
to CBOE Holdings, Inc. Under the terms of the agreement, Bats
shareholders will receive either (i) mixed consideration
consisting of $10.00 in cash and
0.3201 of a share of CBOE Holdings common stock, (ii) cash
consideration consisting of an amount of cash equal to the sum,
rounded to two decimal places, of (a) $10.00 plus (b) the
product of 0.3201 of a share of CBOE Holdings common stock
multiplied by the volume-weighted average price, rounded to four
decimal places, of shares of CBOE Holdings common stock on the
NASDAQ Stock Market LLC ("NASDAQ") for the ten consecutive
trading day period ending on the second full trading day prior to
the effective time of the merger (the "closing CBOE Holdings VWAP")
or (iii) stock consideration consisting of a number of shares
of CBOE Holdings common stock equal to the sum of (a) 0.3201
of a share of CBOE Holdings common stock and (b) the quotient,
rounded to four decimal places, obtained by dividing $10.00 by the closing CBOE Holdings VWAP.
Click here for more information:
www.monteverdelaw.com/investigations. It is free and
there is no cost or obligation to you.
The investigation focuses on whether Bats' Board of Directors
breached their fiduciary duties to the Company's stockholders by 1)
failing to conduct a fair sales process 2) whether and by how much
this proposed transaction undervalues the Company and 3) failing to
disclose all material information in connection with the upcoming
Jan. 17, 2017 shareholder
meeting.
Monteverde & Associates PC is a boutique class action
securities and consumer litigation law firm committed to protecting
shareholders and consumers from corporate wrongdoing. Monteverde
& Associates PC lawyers have significant experience litigating
Mergers & Acquisitions and Securities Class Actions, whereby
they protect investors by recovering money and remedying corporate
misconduct.
If you own common stock in Bats and wish to obtain additional
information and protect your investments free of charge, please
visit us at www.monteverdelaw.com/investigations or Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@monteverdelaw.com or by telephone at (212)
971-1341.
Contact:
Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave. 59th Floor
New York, NY 10118
United States of America
jmonteverde@monteverdelaw.com
Tel: (212) 971-1341
Attorney Advertising. (C) 2016 Monteverde & Associates
PC. The law firm responsible for this advertisement is
Monteverde & Associates PC (www.monteverdelaw.com). Prior
results do not guarantee a similar outcome with respect to any
future matter.
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SOURCE Monteverde & Associates PC
