Gridsum Holding Inc.
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GRIDSUM MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF GRIDSUM HOLDING INC. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – GSUM
October 1, 2020.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Gridsum Holding Inc. (NASDAQ: GSUM) to an investor consortium led by Gridsum’s Chairman Guosheng Qi (the “Consortium”) for $2.00 in cash per American depositary share is fair to Gridsum shareholders. On behalf of Gridsum shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
The investigation concerns whether Gridsum and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to: (1) obtain the best possible consideration for Gridsum shareholders; (2) determine whether the Consortium is underpaying for Gridsum; and (3) disclose all material information necessary for Gridsum shareholders to adequately assess and value the proposed transaction.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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