Bull & Lifshitz, LLP Announces Investigation of
the Acquisition of GLG Partners, Inc. by Man
May 24, 2010 04:48 PM Eastern Daylight Time
NEW YORK--(EON: Enhanced Online News)--Bull & Lifshitz, LLP announces an investigation into possible
breaches of fiduciary duty in connection with the proposed acquisition of GLG Partners, Inc. (NASDAQ: GLG)
(referred to as "GLG" or the “Company”) by Man Group plc (referred to as “Man Group”) through two concurrent
transactions: a cash merger under a merger agreement entered into among GLG, Man Group and a Man Group
merger subsidiary; and a share exchange under an agreement entered into among Noam Gottesman, Pierre Lagrange
and Emmanuel Roman, together with their related trusts and affiliated entities and two limited partnerships (“GLG’s
Principals”) that hold shares for the benefit of key personnel who are participants in GLG’s equity participation plan
and Man Group. The transaction has an approximate value of $1.6 billion.
Under the merger agreement, GLG shareholders will receive $4.50 cash for each share of GLG stock they own.
Under the share exchange agreement, GLG Principals will receive shares instead of cash at a rate of 1.0856 new
Man Group shares for every GLG share. The share exchange is subject to a cap on the value of Man Group shares
to be received of $4.25 per GLG share.
Bull & Lifshitz, LLP's investigation is focused on whether the proposed deal provides adequate value to the
If you are a holder of GLG 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 GLG and would like more information about our investigation, please contact Joshua M.
Lifshitz, Esq. by telephone at (866) 313-6222 or by sending an e-mail including your contact information to:
email@example.com. All e-mail correspondence should make reference to GLG.
Bull & Lifshitz, LLP is a New Y