Bilzin Sumberg Baena Price & Axelrod LLP announced that it has represented TradeStation Group, Inc. (NASDAQ GS: TRAD) ("TradeStation"), a holding company that offers, through its subsidiaries, trading software and online securities brokerage services, in the acquisition of TradeStation by Monex Group, Inc. (Tokyo Stock Exchange: 8698) ("Monex"), a Japanese public company, for an aggregate of approximately $402 million. As a result of the acquisition, which was accomplished by a cash tender offer followed by a short-form merger under applicable Florida law, TradeStation became a wholly-owned subsidiary of Monex as of June 10, 2011 and TradeStation shares will be delisted and cease to trade on the NASDAQ Global Select Market.
The team handled the overall structuring, negotiation and documentation of the transaction, as well as the securities law aspects, including preparation of the Solicitation/Recommendation Statement on Schedule 14D-9 including an Information Statement, which was filed by TradeStation with the Securities and Exchange Commission on May 10, 2011.
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Bilzin Sumberg Baena Price & Axelrod LLP is a full-service, commercial law firm with extensive experience in the areas of commercial finance, corporate and securities, environmental law, land use and government relations, litigation, real estate, restructuring and bankruptcy, tax and wealth preservation planning. For more information, please visit www.bilzin.com.