An investigation on behalf of investors, who currently hold shares of Investment Technology Group, Inc. (NYSE: ITG), was announced concerning whether the takeover of Investment Technology Group, Inc. by is unfair to NYSE: ITG stockholders.

The investigation by a law firm concerns whether certain officers and directors of Investment Technology Group, Inc breached their fiduciary duties owed to NYSE: ITG investors in connection with the proposed acquisition.

New York, based Investment Technology Group, Inc. operates as a financial technology company in the United States, Canada, Europe, and the Asia Pacific. On November 7, 2018 Investment Technology Group, Inc. (NYSE: ITG) announced that it has reached an agreement for Virtu Financial, Inc. (NASDAQ: VIRT) to acquire all outstanding shares of I Investment Technology Group, Inc. (NYSE: ITG)s Common Stock for $30.30 per share in cash.
However, the investigation concerns whether the offer is unfair to Investment Technology Group, Inc. (NYSE: ITG stockholders. More specifically, the investigation concerns whether the Investment Technology Group, Inc. (NYSE: ITG Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.


Shares of Investment Technology Group, Inc. (NYSE: ITG) closed on November 12, 2018, at $30.14 per share.