SHAREHOLDER ALERT: WeissLaw LLP Investigates E*TRADE Financial Corporation

Ein Trader bei seiner Arbeit (Symbolbild). © ismagilov / iStock / Getty Images Plus / Getty Images

PR Newswire

NEW YORK, Feb. 21, 2020

NEW YORK, Feb. 21, 2020 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of E*TRADE Financial Corporation ("ETFC" or the "Company") (NASDAQ: ETFC) in connection with the proposed acquisition of the Company by Morgan Stanley ("MS") (NYSE: MS). Under the terms of the acquisition agreement, ETFC shareholders will receive 1.0432 shares of MS for each ETFC share they own. This represents consideration of $58.74 based on the closing price of MS on February 19, 2020. The transaction is expected to close in the fourth quarter of 2020.

WeissLaw LLP (PRNewsfoto/WeissLaw LLP)

If you own ETFC shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:

http://www.weisslawllp.com/e-trade-financial-corporation/

Or please contact:
Joshua Rubin, Esq.
WeissLaw LLP
1500 Broadway, 16^th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com

WeissLaw is investigating whether ETFC's Board acted to maximize shareholder value prior to entering into the acquisition agreement. At least one analyst set a target price of $62.00, or $3.26 above the per-share consideration.

In addition, the transaction is anticipated to "significantly increase the scale and breadth of [MS]'s Wealth Management franchise, and positions [MS] to be an industry leader in Wealth Management across all channels and wealth segments."

ARIVA.DE Börsen-Geflüster

Kurse

E-TRADE Financial

0,00%

Morgan Stanley Bank

92,83 $

+0,29%

Given these facts, WeissLaw is concerned whether the proposed acquisition undervalues the Company, and whether all material information related to the proposed acquisition is fully and fairly disclosed.

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com

View original content to download multimedia:http://www.prnewswire.com/news-releases/shareholder-alert-weisslaw-llp-investigates-etrade-financial-corporation-301009283.html

SOURCE WeissLaw LLP

Mehr Nachrichten zur E-TRADE Financial Aktie kostenlos abonnieren

E-Mail-Adresse

Benachrichtigungen von ARIVA.DE
(Mit der Bestellung akzeptierst du die Datenschutzhinweise)

Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte.