eBay (EBAY) & GSI (GSIC) Declare Claims Regarding Settlement of Proposed Acquisition
Tweet
Share
E-mailGet Alerts EBAY Hot Sheet
Join SI Premium – FREE
eBay Inc. (NASDAQ: EBAY) and GSI Commerce (NASDAQ: GSIC) announced today that the companies have entered into a memorandum of understanding with GSI shareholders settling claims filed in Delaware state court related to eBay’s previously announced acquisition of GSI.
As a result, GSI shareholders will be paid a settlement amount equivalent to about $0.33 a share. The settlement is separate and distinct from the payment of the $29.25 per-share merger consideration to be paid pursuant to the terms of the merger.
As a result, GSI shareholders will be paid a settlement amount equivalent to about $0.33 a share. The settlement is separate and distinct from the payment of the $29.25 per-share merger consideration to be paid pursuant to the terms of the merger.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Boeing names Ryan Shedd as new SVP and controller
- Nu Skin EVP of global sales takes medical leave
- Cytek faces $56M damages award in Beckman Coulter patent case
Create E-mail Alert Related Categories
Corporate NewsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
