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GreenSky, Inc.

Merger

  • Date:
  • 9/15/2021
  • Company Name:
  • GreenSky, Inc.
  • Stock Symbol:
  • GSKY
  • Company Name - Buyer:
  • The Goldman Sachs Group, Inc.
  • Stock Symbol - Buyer:
  • GS
  • Status:
  • Investigating
  • Merger Announcement Date:
  • 9/15/2021

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NEW YORK, September 15, 2021 – Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the officers or directors of GreenSky, Inc. (NASDAQ: GSKY) breached their fiduciary duties or violated the federal securities laws in connection with the company’s acquisition by The Goldman Sachs Group, Inc. (NYSE: GS).  

On September 15, 2021, GreenSky announced that it had entered into an agreement to be acquired by Goldman Sachs in a deal valued at approximately $2.24 billion.  Pursuant to the merger agreement, GreenSky stockholders will receive 0.03 shares of Goldman Sachs common stock for each share of GreenSky Class A common stock owned.  The deal is scheduled to close in the fourth quarter of 2021 or the first quarter of 2022.

Bragar Eagel & Squire is concerned that GreenSky’s board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement.  Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for GreenSky’s stockholders.
 
The individual or institution below (“Plaintiff”) has reviewed and agrees to the Bragar Eagel & Squire, P.C. (“BESPC”) retainer agreement and authorizes BESPC to prosecute an action on Plaintiff’s behalf under the federal securities laws or applicable state laws to recover damages on behalf of investors in GreenSky. BESPC will prosecute the action on a full contingency basis and will forward all costs and expenses.
 

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