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Press release content from Globe Newswire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Globe Newswire
Press release content from Globe Newswire. The AP news staff was not involved in its creation.

GP STRATEGIES ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of GPX and Encourages ...

July 15, 2021 GMT

NEW YORK, July 15, 2021 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the officers or directors of GP Strategies Corporation (NYSE: GPX) breached their fiduciary duties or violated the federal securities laws in connection with the company’s proposed merger with Learning Technologies Group (LSE: LTG.L).

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On July 15, 2021, GP Strategies announced that it had entered into an agreement to merge with Learning Technologies Group in a deal valued at $394 million. Pursuant to the merger agreement, GP Strategies stockholders will receive $20.85 in cash for each share of GP Strategies common stock owned. The deal is scheduled to close in the fourth quarter of 2021.

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Bragar Eagel & Squire is concerned that GP Strategies’ board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for GP Strategies’ stockholders.

If you own shares of GP Strategies and are concerned about the proposed merger, or you are interested in learning more about the investigation or your legal rights and remedies, please contact Melissa Fortunato or Alexandra Raymond by email at  investigations@bespc.com  or telephone at (646) 860-9157, or by  filling out this contact form. There is no cost or obligation to you.

About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information:
Bragar Eagel & Squire, P.C.
Melissa Fortunato, Esq.
Alexandra Raymond, Esq.
investigations@bespc.com
www.bespc.com