We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of GreenSky, Inc. (“GreenSky” or the “Company”) (NASDAQ: GSKY) in connection with the proposed acquisition of the Company by The Goldman Sachs Group, Inc. (“Goldman Sachs”) (NYSE: GS). Under the terms of the merger agreement, GreenSky shareholders will receive 0.03 shares of Goldman Sachs stock for each GreenSky share they own, representing implied per-share merger consideration of approximately $12.11 based upon Goldman Sachs’s September 14, 2021 closing price of $403.69. The all-stock transaction is valued at approximately $2.24 billion.
WeissLawLLP is investigating whether: (i) GreenSky’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the per-share merger consideration adequately compensates GreenSky’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.