GSE Solutions To Be Acquired By Pelican For $4.10/shr In Cash; Stock Up

GSE Systems, Inc. (GVP) announced on Thursday the finalization of a merger agreement to be acquired by Pelican Energy Partners in an all-cash transaction. Following this announcement, the company’s shares surged by 46%.The agreement, which was unanimously approved by GSE’s board of directors, values the company at $4.10 per share. This represents a 50% premium over its closing price on August 7, 2024.Post-merger, GSE will become a private entity and will be delisted from the Nasdaq.The transaction is expected to be finalized in the third or fourth quarter of 2024, pending shareholder approval and other customary conditions.As of now, GSE’s stock is trading at $3.99, reflecting a 46.15% increase on the Nasdaq.The material has been provided by InstaForex Company – www.instaforex.com

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GSE Solutions To Be Acquired By Pelican For $4.10/shr In Cash; Stock Up

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