The announcement by Global Traffic Network that it agreed to be acquired by an affiliate of GTCR, LLC caused an investigation on behalf of investors of Global Traffic Network, Inc. (NASDAQ:GNET) concerning whether the offer to acquire Global Traffic Network, Inc. and the buyout process are unfair to investors of Global Traffic Network (NASDAQ: GNET) and whether certain of its officers and directors or others breached their fiduciary duties owed investors in NASDAQ GNET shares.

The investigation by a law firm concerns whether the Global Traffic Network Inc, certain of its officers and directors, and/or others breached their fiduciary duties owed to Global Traffic Network, (NASDAQ: GNET) investors in connection with the proposed acquisition.

On Wednesday, August 3, 2011 Global Traffic Network, Inc. (NASDAQ: GNET), announced that it has entered into a merger agreement to be acquired by an affiliate of GTCR, LLC. Under the terms of the proposed transaction, Global Traffic Network, Inc stockholders will receive $14.00 in cash for each share of NASDAQ GNET common stock.

Global Traffic Network, Inc said the $14 offer represents approximately a 20.0% premium over the closing price on Tuesday, August 2, 2011 and a 22.7% premium based on the 60-day volume weighted average price of $11.41.

However, following the takeover announcement shares of Global Traffic Network (Public, NASDAQ:GNET) jumped from roughly $11.85 on Tuesday to $14.22 on Wednesday, thus above the $14 offer. At least one analyst has set the high target price for GNET stock at $16 per share.

Therefore the investigation concerns whether the Global Traffic Network Board of Directors undertook an adequate and in particular breached their fiduciary duties to the Global Traffic Network, Inc. (NASDAQ:GNET) shareholder by failing to adequately shop the Company before entering into the transaction.

The investigation concerns also whether the affiliate of GTCR, LLC would underpay for NASDAQ:GNET shares, thus unlawfully harming Global Traffic Network (GNET) stockholders.

In fact Global Traffic Network has performed well for its investors in the past. Global Traffic Networks 12months Total Revenue rose from $31.70million reported on June 30, 2007 to $93.33million reported on June 30, 2010. Its Net Income rose over the same time frame from a Net Loss of $2.02million to $0.63million Net Income.

NASDAQ: GNET stock grew over the past two years at a substantial overall growth rate. Global Traffic Network shares rose from almost as low as $3 per share in May 09 to almost $14 in May 2011.

NASDAQ: GNET traded as recently as May 3, 2011 as high as $13.65 per share, leaving certain GNET stockholders with only a meager premium to the $14 offer.

A potential securities class action lawsuit would seek to maximize the amount of money and information NASDAQ:GNET shareholders would receive in a buyout, so the law firm.