Investor Bradley L. Radoff Reiterates Call For GSE Systems' Board Chair Kathryn O'Connor Gardner To Disclose 2025 Projections
Portfolio Pulse from Benzinga Newsdesk
Investor Bradley L. Radoff, owning 9.9% of GSE Systems, Inc. (NASDAQ:GVP), urges the company's board to disclose 2025 projections amid a proposed merger with Pelican Energy Partners. Radoff criticizes the board for not providing forward-looking projections, which he deems necessary for shareholders to evaluate the merger offer, recently increased to $4.60 per share.
October 22, 2024 | 12:06 pm
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Bradley L. Radoff, a significant shareholder, is pressuring GSE Systems' board to release 2025 projections to better evaluate a merger with Pelican Energy Partners. The offer price has been raised to $4.60 per share, but Radoff criticizes the lack of transparency.
The news highlights investor dissatisfaction with GSE Systems' board for not providing necessary projections to evaluate a merger offer. This lack of transparency could lead to negative sentiment among shareholders, potentially impacting the stock price negatively in the short term.
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