SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Globe Specialty Metals, Inc.
March 06 2015 - 9:05PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Globe Specialty Metals, Inc. ("Globe” or "the Company") (Nasdaq:
GSM) for possible breaches of fiduciary duty and other violations
of state law in connection with the sale of the Company to Grupo
FerroAtlantica SA. (“FerroAtlantica”).
Click here to learn more about the investigation
http://brodsky-smith.com/891-gsm-globe-specialty-metals-inc.html,
or call: 877-534-2590. There is no cost or obligation to you.
After the completion of the transaction, FerroAtlantica, owned
by Spanish billionaire Juan Miguel Villar Mir’s industrial
conglomerate Grupo Villar Mir, will own 57% of the newly formed
company and Globe shareholders only own 43%. The investigation
concerns whether the Board of Globe breached their fiduciary duties
to stockholders by failing to adequately shop the Company before
agreeing to enter into this transaction, and whether FerroAtlantica
is underpaying for Globe. The transaction may undervalue Globe
which has been focusing on the burgeoning silicone solar panels
market. For example, the global use of silicone for solar panels
has recently increased from 1% of all silicone produced to between
10% and 15%. Silicone is also a key element used to make everything
from lipstick to semiconductors.
If you own shares of Globe common stock and wish to discuss the
legal ramifications of the investigation, or have any questions,
you may e-mail or call the law office of Brodsky & Smith, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J.
Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
510, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, by visiting
http://brodsky-smith.com/891-gsm-globe-specialty-metals-inc.html,
or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90investorrelations@brodsky-smith.comhttp://brodsky-smith.com/891-gsm-globe-specialty-metals-inc.html
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