Deals
EBay, GSI Commerce Sued by Septa Over $2.4 Billion Buyout
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EBay Inc., owner of the largest e-commerce market, and its takeover target GSI Commerce Inc. were sued by an investor claiming EBay’s $2.4 billion offer is a “bargain price” and the company is worth more.
Southeastern Pennsylvania Transportation Authority, which operates trains and buses in the Philadelphia area, filed the lawsuit yesterday in Delaware Chancery Court in Wilmington against the companies and GSI officials, including Chief Executive Officer Michael Rubin.