Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of GTSI Corp. (“GTSI”) (NASDAQ: GTSI) to an affiliate of UNICOM Systems, Inc. for shareholders. Under the proposed transaction, GTSI shareholders will only receive $7.75 in cash for each share of GTSI stock owned. If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at firstname.lastname@example.org, or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you. The definitive merger agreement involves an all cash transaction with a total equity value of approximately $76.67 million. The investigation centers on whether GTSI shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues GTSI stock, and whether GTSI’s board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. “Our lawsuit will seek to obtain the highest share price for all shareholders,” said shareholder rights attorney Willie Briscoe. The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters. Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
Shares of GTSI Corporation (Nasdaq:GTSI) have taken a tremendous swing upward. The stock is trading at $7.72 as of 9:30 a.m. ET, 47.3% above Friday's closing price of $5.24. Volume is at 86,253, 5.9 times the daily average of 14,600.