GLOBALSCAPE ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of GSB and Encourages Investors to Contact the Firm
Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of GlobalSCAPE, Inc. (NYSEAM:GSB) breached their fiduciary duties or violated the federal securities laws in connection with the company's proposed merger with HelpSystems, LLC.
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On July 20, 2020, GlobalSCAPE announced that it had signed an agreement to be acquired by HelpSystems for approximately $217 million. Pursuant to the merger agreement, GlobalSCAPE's stockholders will receive $9.50 in cash for each share of GlobalSCAPE common stock owned. The deal is scheduled to close in the third quarter of 2020.
Bragar Eagel & Squire is concerned that GlobalSCAPE's board of directors oversaw an unfair process and ultmately agreed to an inadequate deal price. Indeed, GlobalSCAPE common stock has recently traded far above the $9.50 merger consideration. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for GlobalSCAPE's stockholders.
If you own shares of GlobalSCAPE and are concerned about the proposed merger, or you are interested in learning more about the investigation or your legal rights and remedies, please contact Melissa Fortunato or Alexandra Raymond by email at firstname.lastname@example.org or telephone at (646) 860-9157, or by filling out this contact form. There is no cost or obligation to you.
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