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Law Office of Brodsky & Smith, LLC Announces Investigation of GLG Partners, Inc.

  //business-finance.news-articles.net/content/201 .. announces-investigation-of-glg-partners-inc.html
  Published in Business and Finance on Monday, May 17th 2010 at 15:55 GMT by Market Wire
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BALA CYNWYD, Pa.--([ BUSINESS WIRE ])--Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of GLG Partners, Inc. (aGLGa or the aCompanya) (NYSE: GLG) relating to the proposed acquisition of GLG by Man Group plc. Under the terms of the agreement, GLG shareholders would receive $4.50 for each share of GLG common stock they own.

The investigation concerns possible breaches of fiduciary duty and other violations of state law related to the GLG boarda™s approval of the proposed transaction. The transaction appears to be unfair, in part, given that the deal is structured as a cash offer to GLG stockholders and as a share offer to certain principals at GLG, which will receive approximately $500 million in shares from the deal.

If you own shares of GLG and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at [ investorrelations@brodsky-smith.com ], or by calling toll free 877-LEGAL-90.