Brief: Gse Systems On Oct 1, Got Non-Binding, Unsolicited Letter From Third Party
08/10/2024 13:28
Oct 8 (Reuters) - GSE Systems Inc GVP.O :
* GSE SYSTEMS- ON OCT 1, GOT NON-BINDING, UNSOLICITED LETTER
FROM
THIRD PARTY
* GSE SYSTEMS- NON-BINDING, UNSOLICITED LETTER FROM THIRD
PARTY
STATED IT WAS PREPARED TO OFFER $5.50-$5.75 PER SHARE FOR CO'S
COMMON STOCK
* GSE SYSTEMS: CO'S BOARD EXPRESSED CONCERN THAT COMPANY Z'S
NON-BINDING PROPOSAL APPEARS UNLIKELY TO MATURE INTO BINDING
TAKEOVER PROPOSAL
* GSE SYSTEMS: BOARD REAFFIRMS ITS RECOMMENDATION THAT
STOCKHOLDERS OF CO APPROVE MERGER AGREEMENT WITH PARENT
Source text for Eikon: ID:n0001140361-24-043050
Further company coverage: GVP.O
((Reuters.Briefs@thomsonreuters.com;))
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