GLG Partners, Inc. Merger Litigation (NYSE: GLG)
Law Office of Brodsky & Smith, LLC Announces Investigation of GLG Partners, Inc.
BALA CYNWYD – (BUSINESS WIRE) Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of GLG Partners, Inc. (“GLG” or the “Company”) (NYSE: GLG – News) relating to the proposed acquisition of GLG by Man Group plc.
Under the terms of the agreement, GLG shareholders would receive $4.50 for each share of GLG common stock they own.
The investigation concerns possible breaches of fiduciary duty and other violations of state law related to the GLG board’s approval of the proposed transaction. The transaction appears to be unfair, in part, given that the deal is structured as a cash offer to GLG stockholders and as a share offer to certain principals at GLG, which will receive approximately $500 million in shares from the deal.
If you own shares of GLG and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at investorrelations@brodsky-smith.com, or by calling toll free 877-LEGAL-90.
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