NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong are investigating the Board of Directors of GSI Commerce, Inc. (Nasdaq: GSIC) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to eBay Inc. (Nasdaq: EBAY). Under the terms of the proposed deal, GSI shareholders will receive $29.25 per share for a total transaction value of approximately $2.4 billion.
The investigation concerns whether the GSI Board of Directors breached their fiduciary duties to GSI stockholders by failing to adequately shop the Company before entering into this transaction and whether eBay is underpaying for GSI shares. According to Yahoo! Finance, one analyst set a price target for GSI stock at $35.00 per share.
If you own common stock in GSI and wish to obtain additional information, please contact Vincent Wong, Esq. either via email email@example.com, by telephone at 212.584.2740, or visit http://www.wongesq.com/gsi-commerce.html.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.