BOULDER, Colo., Jan. 15, 2009 (GLOBE NEWSWIRE) -- Advertising Material -- The Shuman Law Firm today announced that it is investigating potential breaches of fiduciary duty in connection with the proposed acquisition of Thinkorswim Group, Inc. ("Thinkorswim" or the "Company") (Nasdaq:SWIM).
On Jan.8, 2009, Thinkorswim announced their intent to sell the Company to TD Ameritrade. Under the terms of the merger agreement, Thinkorswim shareholders would receive $3.34 cash and 0.398 shares of Ameritrade for every share they hold of Thinkorswim, or about $8.71 per share based on Ameritrade's Wednesday, January 8, 2009 closing price of $13.48 per share. TD Ameritrade announced it intends to issue approximately 28 million new shares to fund the transaction. Thinkorswim common stock had traded at more than $17.50 within the past calendar year.
If you currently own Thinkorswim common stock and would like a free consultation concerning your rights and interests, please contact Kip Shuman, Esq. or Rusty Glenn, Esq. toll-free at 866-974-8626 or email Mr. Shuman at kip@shumanlawfirm.com or Mr. Glenn at rusty@shumanlawfirm.com.
The Shuman Law Firm represents investors throughout the nation, concentrating its practice in securities class actions and shareholder derivative litigation.
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