Finkelstein Thompson LLP Announces Investigation of GTSI Corp.
07 Mayo 2012 - 5:21PM
Business Wire
Finkelstein Thompson LLP is investigating potential claims on
behalf of shareholders of GTSI Corp. (“GTSI” or “the Company”)
(Nasdaq: GTSI).
On May 7, 2012, GTSI announced that it had agreed to be acquired
by UNICOM Systems, Inc. in a cash tender offer worth approximately
$77 million. Under the terms of the proposed transaction, the
Company’s shareholders would receive $7.75 in cash for each share
of common stock they own. This announcement occurred a year and a
half after the Company’s October 1, 2010 announcement that it had
been suspended from federal contracting by the Small Business
Administration amid allegations that “GTSI was an active
participant in a scheme that resulted in contracts set aside for
small businesses being awarded to ineligible contractors.” On
October 19, 2010, GTSI agreed to cease working with small
businesses serving as prime contractors in exchange for the lifting
of the suspension.
Plaintiffs are investigating what rights GTSI shareholders might
have in connection with either the Merger or GTSI’s earlier
actions. If you are interested in discussing your rights as a GTSI
shareholder, or have information relating to this investigation,
please contact Finkelstein Thompson's Washington, DC offices at
(877) 337-1050 or by email at contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering
outstanding representation to institutional and individual clients
in financial litigation, and has been appointed as lead or co-lead
counsel in dozens of shareholder class actions. Indeed, the firm
has served in leadership roles in cases that have recovered over $1
billion for investors and consumers.
To learn more about Finkelstein Thompson LLP, please visit our
website at www.finkelsteinthompson.com. Attorney advertising. Prior
results do not guarantee similar outcomes.
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