(GSKY): Johnson Fistel Investigates Proposed Sale of GreenSky, Inc.; Is $12.11 a Fair Price?
September 15, 2021 at 12:25 PM EDT
SAN DIEGO, Sept. 15, 2021 (GLOBE NEWSWIRE) --
Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of GreenSky, Inc. (NASDAQ: GSKY) ("GreenSky" or the "Company") breached their fiduciary duties in connection with the proposed sale of the Company to The Goldman Sachs Group, Inc. (NYSE: GS) ("Goldman Sachs").
On September 15, 2021, GreenSky announced that it has entered into a definitive agreement to be acquired by funds managed by Goldman Sachs. Under the terms of the agreement, GreenSky stockholders will receive $12.11 per share in cash.
The investigation concerns whether the GreenSky board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for GreenSky shares of common stock. Nationally recognized, Johnson Fistel is investigating whether the proposed deal represents adequate consideration, especially given analysts' projections for future earnings and revenue growth.
If you are a shareholder of GreenSky and believe the proposed buyout price is too low or you're interested in learning more about the investigation, please contact lead analyst Jim Baker (email@example.com) at 619-814-4471. If emailing, please include a phone number.
Additionally, you can [Click here to join this action]. There is no cost or obligation to you.
About Johnson Fistel, LLP: