PR Newswire | Jul 20, 2020 11:45AM EDT

has obtained a Fair Price in its transaction with HelpSystems

07/20 10:45 CDT

Shareholder Alert: Ademi & O'Reilly, LLP Investigates whether GlobalSCAPE, Inc. has obtained a Fair Price in its transaction with HelpSystems MILWAUKEE, July 20, 2020

MILWAUKEE, July 20, 2020 /PRNewswire/ -- Ademi & O'Reilly, LLP is investigating GlobalSCAPE (NYSE: GSB) for possible breaches of fiduciary duty and other violations of the law in connection with the sale to HelpSystems.

Click here to learn how to join the action: http://ademilaw.com/case/globalscape-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.

Ademi & O'Reilly, LLP alleges GlobalSCAPE's financial outlook is improving and yet shareholders will receive only $9.50 for each GlobalSCAPE share. The merger agreement unreasonably limits competing bids for GlobalSCAPE by prohibiting solicitation of further bids, and imposing a termination penalty if GlobalSCAPE accepts a superior bid. GlobalSCAPE insiders will receive millions of dollars as part of change of control arrangements. We are investigating the conduct of GlobalSCAPE's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for GlobalSCAPE.

If you own common stock in GlobalSCAPE and wish to obtain additional information, please contact Guri Ademi either at gademi@ademilaw.com or toll-free: 866-264-3995, or http://ademilaw.com/case/globalscape-inc.

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts

Ademi & O'Reilly, LLPGuri AdemiToll Free: (866) 264-3995Fax: (414) 482-8001

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SOURCE Ademi & O'Reilly, LLP