Global Industries, Ltd. Merger Litigation (Nasdaq: GLBL)
Law Office of Brodsky & Smith, LLC Announces Investigation of Global Industries, Ltd.
BALA CYNWYD – (BUSINESS WIRE) Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Global Industries, Ltd. (“Global” or the “Company”) (Nasdaq - GLBL- News) relating to the proposed acquisition by Technip SA.
Under the terms of the offer Global shareholders would receive $8.00 in cash for each share Global stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Global for not acting in the Company’s shareholders' best interests in connection with the sale process to Technip SA. The transaction may undervalue Global as Global stock traded at $10.11 as recently as April 5, 2011 and traded at $10.51 on September 17, 2009.
If you own shares of Global stock 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 email@example.com or by calling toll free 877-LEGAL-90.
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