Kendall Law Group Investigates GSI Commerce Acquisition for Shareholders

DALLAS--(BUSINESS WIRE)--Kendall Law Group, led by former federal judge Joe Kendall, is investigating GSI Commerce (NASDAQ:GSIC) for shareholders in connection with the proposed acquisition by eBay Inc. The national securities firm’s investigation seeks to determine whether GSI and its Board will breach their fiduciary duties if they fail to properly shop for a deal that would provide better value for shareholders. If you are a GSIC shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at skendall@kendalllawgroup.com.

On March 28, 2011, eBay announced that it had agreed to acquire GSI in a transaction valued at approximately $2.4 billion. The transaction is expected to close in the third quarter of 2011. Under the terms of the agreement, GSI stockholders will receive $29.25 in cash for each share of GSIC common stock held. GSIC common stock closed higher than this amount as recently as July, 2010. Due to these factors, the firm believes the transaction undervalues the company.

Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.