BENSALEM, Pa., Jan. 15, 2009 (GLOBE NEWSWIRE) -- Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of thinkorswim Group Inc. ("thinkorswim" or the "Company") (Nasdaq:SWIM), concerning possible breaches of fiduciary duty and other violations of state law related to an agreement for TD Ameritrade Holding Corporation ("TD Ameritrade") to acquire thinkorswim in a cash and stock deal valued at approximately $606 million -- based on TD Ameritrade's closing price of $13.48 per share on January 7, 2009. Under the terms of the agreement, thinkorswim shareholders will receive $3.34 cash and 0.398 shares of TD Ameritrade common stock for each share they hold of thinkorswim. Given that thinkorswim shares traded as high as $9.45 per share as recently as October 3, 2008, and over $17.00 per share in 2008, the transaction appears to be unfair and an undervaluation of the Company.
If you own the common stock of thinkorswim, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com.