Bradley L. Radoff Issues Open Letter to GSE Systems’ Board of Directors to State Opposition to Proposed Sale to Pelican Energy Partners
GSE Systems, Inc. (GVP)
NASDAQ:AMEX Investor Relations:
gses.com/investors
Company Research
Source: Business Wire
~10% Shareholder Believes Proposed Sale Represents an Egregious “Take Under” and Significantly Undervalues the CompanyUrges the Board to Consider Shareholders’ Best Interests and Disclose the Company’s 2025 Projections so Investors Can Accurately Value the Company Against the Deal Price HOUSTON--(BUSINESS WIRE)--Bradley L. Radoff, who collectively with his affiliates owns approximately 9.9% of the outstanding shares of GSE Systems, Inc. (NASDAQ: GVP) (“GSE” or the “Company”), today sent the below letter to GSE Systems’ Board of Directors (the “Board”) indicating its opposition to the proposed take-private merger with Pelican Energy Partners (“Pelican”).***GSE Systems, Inc.6940 Columbia Gateway Drive, Suite 470Columbia, MD 21046Attention: The Board of DirectorsOctober 18, 2024Members of the Board,I am one of GSE’s largest shareholders, with an approximately 9.9% stake in the Company. After reviewing the Company’s belated and limited disclosures, I believe the proposed sale to Pelica
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GVP
News
- GSE Solutions and Pelican Energy Partners Announce Closing of MergerPR Newswire
- Stockholders Approve GSE Solutions Merger with Pelican Energy PartnersPR Newswire
- Glass Lewis Recommends Shareholders VOTE FOR the GSE MergerPR Newswire
- GSE Solutions Encourages Stockholders to VOTE FOR the AMENDED MergerPR Newswire
- Bradley L. Radoff Reiterates Call for GSE Systems’ Board Chair Kathryn O’Connor Gardner to Disclose 2025 ProjectionsBusiness Wire
GVP
Sec Filings
- 11/1/24 - Form 25-NSE
- 11/1/24 - Form 8-K
- 10/29/24 - Form 8-K
- GVP's page on the SEC website