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RADNOR, Pa., May 03, 2018 -- Kaskela Law LLC has commenced an investigation of Globalstar, Inc. (“Globalstar” or the “Company”) (NYSE:GSAT) on behalf of the Company’s stockholders. The investigation concerns Globalstar and its directors’ and officers’ potential violations of state and federal laws in connection with the proposed transaction between Globalstar and Thermo Acquisitions, Inc. (“Thermo Acquisitions”), and seeks to determine whether the proposed transaction is fair to the Company’s public stockholders.
As disclosed on April 25, 2018, Globalstar signed a definitive merger agreement with Thermo Acquisitions – which is controlled by Globalstar’s Chairman and Chief Executive Officer, Jay Monroe – to acquire FiberLight, LLC, 15.5 million shares of common stock of CenturyLink, Inc. (NYSE:CTL), $100 million of cash, and minority investments in complementary businesses and assets of $25 million in exchange for Globalstar common stock valued at approximately $1.65 billion.
Globalstar stockholders are encouraged to contact attorney D. Seamus Kaskela at (888) 715 – 1740, or via email at [email protected], to discuss this investigation and their legal options in connection with the proposed transaction. Additional information about this investigation may also be found at www.kaskelalaw.com/globalstar/.
Kaskela Law LLC prosecutes shareholder actions in state and federal courts throughout the country on behalf of investors. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com.
This notice may constitute Attorney Advertising in certain jurisdictions.
CONTACT:
KASKELA LAW LLC
D. Seamus Kaskela, Esq.
201 King of Prussia Road
Suite 650
Radnor, PA 19087
(888) 715 – 1740
[email protected]
www.kaskelalaw.com
