GSE Systems to be Acquired By Pelican Energy Partners for $6.21 Million in Cash

GSE Systems, Inc. (GVP) on August 8, 2024, entered into a definitive merger agreement to be acquired by Pelican Energy Partners for $6.21 million in cash.

Deal Structure:

Under the terms of the deal, Pelican will acquire all the outstanding shares of GSE Systems for an estimated total cash consideration of $4.10 per share, representing a premium of 50.18% from the stock’s last close.

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