NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong are investigating the Board of Directors of Global Traffic Network, Inc. (NASDAQ: GNET) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to an affiliate of GTCR, LLC. Under the terms of the proposed deal, Global stockholders will receive $14.00 per share in cash. The transaction has total value of approximately $267 million.
To get more information and join the action, click here: http://www.wongesq.com/global-traffic-network.html.
The investigation concerns whether the Global Board of Directors breached their fiduciary duties to Global stockholders by failing to adequately shop the Company before entering into this transaction and whether GTCR, Inc. is underpaying for Global shares. According to Thomson/First Call, at least one analyst set a price target of $16.00 per Global share.
If you own common stock in Global 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/global-traffic-network.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.
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