NEW YORK--(BUSINESS WIRE)--Kirby McInerney LLP is investigating potential claims against Globe Specialty Metals, Inc. (“Globe” or the “Company”) (NASDAQ:GSM) concerning the proposed acquisition of the Company by Grupo FerroAtlántica (“FerroAtlántica”). The definitive agreement provides for an all-stock transaction valued at approximately $3.1 billion. Under the terms of the agreement, Globe stockholders will receive stock in a newly formed entity incorporated in the United Kingdom and will only own 43% of the combined entity.
The investigation concerns whether the Globe Board of Directors violated its fiduciary duties by agreeing to the proposed transaction and whether the proposed consideration adequately values the Company’s common stock.
If you are a Globe stockholder and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at firstname.lastname@example.org, or telephone at (212) 699-1145, Melissa Fortunato, Esq. by email at email@example.com, or telephone at (212) 699-1141, or toll free at (888) 529-4787, or by filling out this contact form. There is no cost or obligation to you.
Kirby McInerney LLP is a New York-based law firm concentrating in securities, whistleblower, antitrust and consumer litigation. For additional information, please go to www.kmllp.com.