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SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of The Board of Directors of Bats Global Markets, Inc., - BATS


NEW YORK, Dec. 14, 2016 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a boutique securities firm headquartered at the Empire State Building in New York City, is investigating the Board of Directors of Bats Global Markets, Inc. ("Bats" or the "Company")(NASDAQ: BATS) for potential breaches of fiduciary duties in connection the sale of the Company to CBOE Holdings, Inc. Under the terms of the agreement, Bats shareholders will receive either (i) mixed consideration consisting of $10.00 in cash and 0.3201 of a share of CBOE Holdings common stock, (ii) cash consideration consisting of an amount of cash equal to the sum, rounded to two decimal places, of (a) $10.00 plus (b) the product of 0.3201 of a share of CBOE Holdings common stock multiplied by the volume-weighted average price, rounded to four decimal places, of shares of CBOE Holdings common stock on the NASDAQ Stock Market LLC ("NASDAQ") for the ten consecutive trading day period ending on the second full trading day prior to the effective time of the merger (the "closing CBOE Holdings VWAP") or (iii) stock consideration consisting of a number of shares of CBOE Holdings common stock equal to the sum of (a) 0.3201 of a share of CBOE Holdings common stock and (b) the quotient, rounded to four decimal places, obtained by dividing $10.00 by the closing CBOE Holdings VWAP.

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The investigation focuses on whether Bats' Board of Directors breached their fiduciary duties to the Company's stockholders by 1) failing to conduct a fair sales process 2) whether and by how much this proposed transaction undervalues the Company and 3) failing to disclose all material information in connection with the upcoming Jan. 17, 2017 shareholder meeting.

Monteverde & Associates PC is a boutique class action securities and consumer litigation law firm committed to protecting shareholders and consumers from corporate wrongdoing. Monteverde & Associates PC lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions, whereby they protect investors by recovering money and remedying corporate misconduct.

If you own common stock in Bats and wish to obtain additional information and protect your investments free of charge, please visit us at or Juan E. Monteverde, Esq. either via e-mail at or by telephone at (212) 971-1341.

Juan E. Monteverde, Esq. 
The Empire State Building
350 Fifth Ave. 59th Floor
New York, NY 10118
United States of America 
Tel: (212) 971-1341

Attorney Advertising. (C) 2016 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC ( Prior results do not guarantee a similar outcome with respect to any future matter. 


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