Globecomm Systems Inc. (GCOM) Agrees to Buyout

By on August 28, 2013

On August 26, 2013, Globecomm Systems Inc. (NASDAQ: GCOM) announced in a press release that the company has agreed to be acquired by an affiliate of Wasserstein & Co. in a deal valued at approximately $340 million.   Under the terms of the buyout agreement, shareholders of Globecomm will receive a per-share all cash price of $14.15, a 1.73 percent discount to Globecomm’s closing price on the last trading day before the deal was officially announced.  According to Yahoo Finance, at least one analyst has established a price target of $18.00 per share.

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