SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of Globe Specialty Metals, Inc. And Encourages Investors To Contact The Firm For Additional Information

STEVENSON, Md.--()--The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Globe Specialty Metals, Inc. (“Globe” or the “Company”) (Nasdaq: GSM) relating to the proposed buyout of the Company by Grupo FerroAtlantica SA (“FerroAtlantica”) (“FerroAtlantica”).

On February 23, 2015, Globe and FerroAtlantica announced the signing of a definitive merger agreement pursuant to which FerroAtlantica will acquire Globe in a transaction valued at approximately $3.1 billion. As a result of the merger, FerroAtlantica, owned by Spanish billionaire Juan Miguel Villar Mir’s industrial conglomerate Grupo Villar Mir, will own 57% of the newly formed company and Globe shareholders will only own 43%.

The firm’s investigation seeks to determine, among other things, whether the Company’s Board of Directors failed to satisfy their duties to shareholders, including whether the Board adequately pursued alternatives to the acquisition and whether the Board obtained the best price possible for the Company’s shares of common stock. The transaction may undervalue Globe which has been focusing on the burgeoning silicone solar panels market. For example, the global use of silicone for solar panels has recently increased from 1% of all silicone produced to between 10% and 15%. Silicon is also a key element used to make everything from lipstick to semiconductors.

If you currently own common stock of Globe and would like to learn more about the investigation being conducted by Brower Piven, without cost or obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at hoffman@browerpiven.com or by telephone at (410) 415-6616.

Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.

Contacts

Brower Piven, A Professional Corporation
Charles J. Piven, 410-415-6616
1925 Old Valley Road
Stevenson, Maryland 21153
hoffman@browerpiven.com

Contacts

Brower Piven, A Professional Corporation
Charles J. Piven, 410-415-6616
1925 Old Valley Road
Stevenson, Maryland 21153
hoffman@browerpiven.com