GSE Solutions And Pelican Energy Partners Announce Amendment To Merger Agreement Providing For Increase In Merger Consideration From $4.10 To $4.60 Per Share
Portfolio Pulse from Benzinga Newsdesk
GSE Solutions (NASDAQ:GVP) has amended its merger agreement with Pelican Energy Partners, increasing the merger consideration from $4.10 to $4.60 per share. This new offer represents a 12.2% increase from the previous agreement and a 69% premium over the stock's closing price before the merger announcement.
October 21, 2024 | 1:03 pm
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GSE Solutions has increased its merger consideration with Pelican Energy Partners to $4.60 per share, a 12.2% increase from the previous agreement. This represents a significant premium over the stock's prior closing price.
The increase in merger consideration to $4.60 per share is a positive development for GSE shareholders, offering a 12.2% increase from the previous agreement and a 69% premium over the stock's closing price before the merger announcement. This is likely to positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100