The Merc plans to buy out GFI's shares and sell them back to its management
CME Group, GFI Group and its management have been threatened
with legal action for deliberately undervaluing the interdealer
broker’s shares in the planned takeover of GFI by
Jamie Suprina, a stockholder of GFI, filed the case against
CME and GFI in the New York State Supreme Court, accusing the
defendants of undervaluing GFI’s potentially
lucrative electronic swap execution facility (Sef) business and
stating the $4.55 a share CME Group paid for GFI was well below
the value of its brokerage business.
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