NEW YORK, July 16, 2021 /PRNewswire/ — WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of GP Strategies Corporation («GP Strategies» or the «Company») (NYSE: GPX) in connection with the proposed acquisition of the Company by Learning Technologies Group («Learning Technologies») (AIM: LTG.L). Under the terms of the merger agreement, the Company’s shareholders will receive $20.85 per share in cash for each share of GP Strategies common stock that they hold. Notably, at least 20% of the Company’s common stock is already locked up in the deal as GP Strategies’ largest stockholder, Sagard Capital Partners, L.P., has agreed to vote their shares in favor of the transaction. The transaction is valued at approximately $394 million.
If you own GP Strategies shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
Or please contact:
Joshua Rubin, Esq.
1500 Broadway, 16th Floor
New York, NY 10036
WeissLaw LLP is investigating whether: (i) GP Strategies’ board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $20.85 per-share merger consideration adequately compensates GP Strategies’ shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at email@example.com
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SOURCE WeissLaw LLP