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Bull & Lifshitz, LLP Announces Investigation of Global Traffic Network, Inc.

  //science-technology.news-articles.net/content/2 .. investigation-of-global-traffic-network-inc.html
  Published in Science and Technology on Friday, August 5th 2011 at 21:40 GMT by Market Wire
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NEW YORK--([ BUSINESS WIRE ])--Bull & Lifshitz, LLP announces an investigation into possible breaches of fiduciary duty in connection with the proposed sale of Global Traffic Network, Inc. (NASDAQ: [ GNET ]) (referred to as "Global" or the aCompanya) to an affiliate of GTCR, LLC (aGTCRa) in a cash transaction valued at approximately $267 million.

Under the terms of the agreement, Global stockholders will receive $14.00 in cash for each share of Global's common stock. The acquisition of Global will be completed through a cash tender offer for all outstanding shares of Global's common stock that is expected to commence shortly.

Bull & Lifshitz, LLP's investigation is focused on whether the proposed deal provides adequate value to the Companya™s shareholders.

If you are a holder of Global common stock and want to discuss your legal rights, you may e-mail or call Bull & Lifshitz, LLP who will, without obligation or cost to you, attempt to answer your questions.

If you are a shareholder of Global and would like more information about our investigation, please contact Peter D. Bull, Esq. by telephone at (866) 313-6222 or by sending an e-mail including your contact information to: [ counsel@nyclasslaw.com ]. All e-mail correspondence should make reference to Global.

Bull & Lifshitz, LLP is a New York City-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For more information about the firm, please visit our website at [ www.nyclasslaw.com ].

ATTORNEY ADVERTISING. © 2011 Bull & Lifshitz, LLP. The law firm responsible for this advertisement is Bull & Lifshitz, LLP, 18 East 41^st Street, New York, New York 10017, (212) 213-6222. Prior results do not guarantee or predict a similar outcome with respect to any future matter.