Faruqi & Faruqi, LLP Announces Investigation Regarding the Acquisition of GTSI Corp.
21 Mai 2012 - 6:16PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of GTSI Corp. (“GTSI” or the “Company”) (NASDAQ: GTSI)
for potential breaches of fiduciary duties in connection with their
duty to disclose material information in the
Solicitation/Recommendation Statement Schedule 14D-9 (the
“Recommendation Statement”) filed with the S.E.C. on May 18, 2012,
which may impair shareholders’ ability to adequately value stock
price in relation to the sale of the Company to an affiliate of
UNICOM Systems, Inc. in an all-cash deal valued at about $76.67
million. The price per share offered to GTSI’s shareholders is also
under investigation, as under the terms of the proposed
transaction, GTSI stockholders will receive only $7.75 in cash per
each share of GTSI they own. The proposed transaction is structured
as a tender offer and may be effectuated without a shareholder
vote. The closing of the tender offer is expected to occur on June
15, 2012. Time is of the essence.
Request more information now by clicking here:
www.faruqilaw.com/GTSI. There is no cost or obligation to you.
Whether GTSI’s Board of Directors breached their fiduciary
duties to GTSI’s stockholders by failing to disclose all material
information in the Recommendation Statement, whether they failed to
maximize shareholder value and if so, by how much the sale
undervalues the Company to the detriment of GTSI’s shareholders -
are the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in GTSI and wish to obtain additional
information and protect your investments free of charge, please
visit us at www.faruqilaw.com/GTSI or contact Juan E. Monteverde,
Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone
at (877) 247-4292 or (212) 983-9330.
Contact:
Faruqi & Faruqi, LLP369 Lexington Avenue, 10th FloorNew
York, NY 10017Attn: Juan E. Monteverde,
Esq.jmonteverde@faruqilaw.comToll Free: (877) 247-4292Phone: (212)
983-9330
Attorney Advertising. (C) 2012 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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