Bradley L. Radoff, who collectively with his affiliates owns approximately 9.9% of the outstanding shares of GSE Systems (GVP), issued the below follow-up letter to the Chair of the Company’s Board of Directors (the “Board”), Kathryn O’Connor Gardner, in response to the Company’s filing of an amended merger agreement with Pelican Energy Partners ..Mr. Radoff previously announced his opposition to the Company’s proposed take-private merger with Pelican and has repeatedly demanded the Board and Ms. Gardner release normal course forward-looking projections so shareholders can fairly evaluate the Pelican transaction.
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Read More on GVP:
- GSE Systems and Pelican Energy Partners increase merger consideration
- GSE Systems’ holder Radoff urges board chair to release 2025 projection
- Bradley Radoff issues letter to GSE Systems board in opposition to Pelican sale
- GSE announces proxy advisory firm recommended to vote “FOR” merger
- GSE Systems says received non-binding indication of interest
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