An investigation on behalf of investors of Gaming Partners International Corporation (NASDAQ: GPIC) in connection with the proposed takeover was announced.
San Diego, CA -- (SBWIRE) -- 12/11/2018 -- An investigation on behalf of investors, who currently hold shares of Gaming Partners International Corporation (NASDAQ: GPIC), was announced concerning whether the takeover of Gaming Partners International is unfair to NASDAQ: GPIC stockholders.
Investors who purchased shares of Gaming Partners International Corporation (NASDAQ: GPIC) and currently hold any of those NASDAQ: GPIC shares have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of Gaming Partners International Corporation breached their fiduciary duties owed to NASDAQ: GPIC investors in connection with the proposed acquisition.
Las Vegas, NV based Gaming Partners International Corporation, together with its subsidiaries, manufactures and supplies casino table game equipment in the Americas, the Asia-Pacific, Europe, and Africa. On November 27, 2018, Gaming Partners International Corporation (NASDAQ: GPIC) announced that it has entered into a merger agreement with Angel Holdings Godo Kaisha pursuant to which Angel Holdings Godo Kaisha will acquire Gaming Partners International Corporation for cash in a transaction valued at approximately $110 million. The consideration to be paid to Gaming Partners International Corporation's stockholders will be $13.75 in cash for each share of GPIC common stock.
However, the investigation concerns whether the offer is unfair to NASDAQ: GPIC stockholders. More specifically, the investigation concerns whether the Gaming Partners International Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
Shares of Gaming Partners International Corporation (NASDAQ: GPIC) closed on December 10, 2018 at $12.92 per share.
Those who are current investors in Gaming Partners International Corporation (NASDAQ: GPIC) shares have certain options and should contact the Shareholders Foundation.
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