(SI Newswire) (NEW YORK) - The following statement is being issued by Levi & Korsinsky, LLP:
TO: ALL PERSONS OR ENTITIES WHO PURCHASED OR OTHERWISE ACQUIRED COMMON STOCK OF GLOBE SPECIALTY METALS, INC. (“GSM” or “the Company”) (Nasdaq: GSM) PRIOR TO FEBRUARY 23, 2015 AND CONTINUE TO HOLD SUCH SHARES.
YOU ARE HEREBY NOTIFIED that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of GSM to Grupo FerroAtlantica SA (“FerroAtlantica”). Click here to learn more about the action: http://zlk.9nl.com/GSM-SI. There is no cost or bligation to you.
The Board of Directors of GSM agreed to sell the company to FerroAtlantica. Under the terms of the transaction, GSM shareholders will receive stock in a newly formed entity incorporated in the United Kingdom and will only own 43% of the combined entity. The 57% will be owned by Spanish billionaire Juan Miguel Villar Mir’s, owner of FerroAtlantica, industrial conglomerate Grupo Villar Mir. The transaction is valued at approximately $3.1 billion.
If you own GSM common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/GSM-SI.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510