BALA CYNWYD, Pa.--(BUSINESS WIRE)--Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Globe Specialty Metals, Inc. ("Globe” or "the Company") (Nasdaq: GSM) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Grupo FerroAtlantica SA. (“FerroAtlantica”).
Click here to learn more about the investigation http://brodsky-smith.com/891-gsm-globe-specialty-metals-inc.html, or call: 877-534-2590. There is no cost or obligation to you.
After the completion of the transaction, 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 only own 43%. The investigation concerns whether the Board of Globe breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether FerroAtlantica is underpaying for Globe. 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%. Silicone is also a key element used to make everything from lipstick to semiconductors.
If you own shares of Globe common stock and wish to discuss the legal ramifications of the investigation, 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 510, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org, by visiting http://brodsky-smith.com/891-gsm-globe-specialty-metals-inc.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.