Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of GTSI Corp. (“GTSI” or “the Company”) (Nasdaq: GTSI).
On May 7, 2012, GTSI announced that it had agreed to be acquired by UNICOM Systems, Inc. in a cash tender offer worth approximately $77 million. Under the terms of the proposed transaction, the Company’s shareholders would receive $7.75 in cash for each share of common stock they own. This announcement occurred a year and a half after the Company’s October 1, 2010 announcement that it had been suspended from federal contracting by the Small Business Administration amid allegations that “GTSI was an active participant in a scheme that resulted in contracts set aside for small businesses being awarded to ineligible contractors.” On October 19, 2010, GTSI agreed to cease working with small businesses serving as prime contractors in exchange for the lifting of the suspension.
Plaintiffs are investigating what rights GTSI shareholders might have in connection with either the Merger or GTSI’s earlier actions. If you are interested in discussing your rights as a GTSI shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at
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