|[August 26, 2013]
Finkelstein Thompson LLP Announces Investigation of Globecomm Systems Inc. Going Private Proposal
WASHINGTON --(Business Wire)--
The law firm of Finkelstein Thompson LLP is investigating potential
claims on behalf of shareholders of Globecomm Systems (News - Alert) Inc. (NASDAQ:
GCOM) ("Globecomm" or "the Company"), concerning the Company's proposed
acquisition by Wasserstein & Co. ("Wasserstein"). Under the terms of the
merger agreement, Globecomm shareholders will receive $14.15 in cash for
each share of Globecomm common stock they own, in a deal valued at
approximately $340 million. The offer price represents a 1.73 percent
discount to Globecomm's closing price on Friday, August 23, 2013. At
least one analyst has set a target price of $18.00 for Globecomm's
The investigation is focused on the potential unfairness of th
consideration to shareholders, the process by which Globecomm's Board of
Directors considered the transaction, and potential conflicts of
interest among the Company's Board members.
If you are interested in discussing your rights as a Globecomm
shareholder, or have information relating to this investigation, please
contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050
or by email at email@example.com.
Finkelstein Thompson LLP has spent over three decades delivering
outstanding representation to institutional and individual clients in
financial litigation, and has been appointed as lead or co-counsel in
dozens of shareholder class actions. Indeed, the firm has served in
leadership roles in cases that have recovered over $1 billion for
investors and consumers.
To learn more about Finkelstein Thompson LLP, please visit our website
Attorney advising. Prior results do not guarantee similar outcomes.
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