BRIEF-Gse Systems On Oct 1, Got Non-Binding, Unsolicited Letter From Third Party-March 2024-www.financetom.com

BRIEF-Gse Systems On Oct 1, Got Non-Binding, Unsolicited Letter From Third Party

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BRIEF-Gse Systems On Oct 1, Got Non-Binding, Unsolicited Letter From Third Party

Oct 8, 2024 5:47 AM

Oct 8 (Reuters) - GSE Systems Inc ( GVP ):

* GSE SYSTEMS ( GVP )- ON OCT 1, GOT NON-BINDING, UNSOLICITED LETTER

FROM

THIRD PARTY

* GSE SYSTEMS ( GVP )- NON-BINDING, UNSOLICITED LETTER FROM THIRD

PARTY

STATED IT WAS PREPARED TO OFFER $5.50-$5.75 PER SHARE FOR CO'S

COMMON STOCK

* GSE SYSTEMS ( GVP ): CO'S BOARD EXPRESSED CONCERN THAT COMPANY Z'S

NON-BINDING PROPOSAL APPEARS UNLIKELY TO MATURE INTO BINDING

TAKEOVER PROPOSAL

* GSE SYSTEMS ( GVP ): BOARD REAFFIRMS ITS RECOMMENDATION THAT

STOCKHOLDERS OF CO APPROVE MERGER AGREEMENT WITH PARENT

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Further company coverage:

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