GTSI Sues To Stop EyakTek's Planned Takeover

Law360, New York (September 17, 2010, 2:15 PM EDT) -- Information technology company GTSI Corp. has filed suit against Eyak Technology LLC in an attempt to block EyakTek's $67 million hostile takeover bid.

According to the suit, filed Tuesday in the Court of Chancery of the State of Delaware, Virginia-based GTSI is one of three members of Alaska-based EyakTek, a limited liability company that primarily sells communications products to government entities.

In a press release Monday, EyakTek said it had offered the directors of GTSI $7 per share to buy the company, which it said was...
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