GTSI Shareholder Alert: The Briscoe Law Firm and Powers Taylor, LLP Investigate the Sale of GTSI Corp. to UNICOM Systems
22 Mai 2012 - 8:17PM
Business Wire
Former United States Securities and Exchange Commission attorney
Willie Briscoe and the securities litigation firm of Powers Taylor,
LLP are investigating the sale of GTSI Corp. (“GTSI”) (NASDAQ:
GTSI) to an affiliate of UNICOM Systems, Inc. for shareholders.
Under the proposed transaction, GTSI shareholders will only receive
$7.75 in cash for each share of GTSI stock owned.
If you are an affected investor, and you want to learn more
about the lawsuit or join the action, contact Patrick Powers at
Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at
patrick@powerstaylor.com, or Willie Briscoe at The Briscoe Law
Firm, PLLC, (214) 706-9314, or via email at
WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.
The definitive merger agreement involves an all cash transaction
with a total equity value of approximately $76.67 million.
The investigation centers on whether GTSI shareholders are
receiving adequate compensation for their shares in the buyout,
whether the transaction undervalues GTSI stock, and whether GTSI’s
board attempted to obtain the highest share price for all
shareholders prior to agreeing to the deal. “Our lawsuit will seek
to obtain the highest share price for all shareholders,” said
shareholder rights attorney Willie Briscoe.
The Briscoe Law Firm, PLLC is a full service business litigation
and shareholder rights advocacy firm with more than 20 years of
experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that
handles a variety of complex business litigation matters, including
claims of investor and stockholder fraud, shareholder oppression,
shareholder derivative suits, and security class actions.
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