|[September 30, 2013]
Law Offices of Todd M. Garber Announces Investigation of Globecomm Systems, Inc.
LOS ANGELES --(Business Wire)--
The Law Offices of Todd M. Garber announces that it is investigating
potential claims against the Board of Directors of Globecomm Systems (News - Alert),
Inc. ("Globecomm" or the "Company") (NASDAQ:GCOM) related to the
proposed acquisition of the Company by investment firm Wasserstein & Co.
The transaction is valued at approximately $340 million, or $14.15 per
This investigation concerns whether the Board of Directors of Globecomm
breached their fiduciary duties to stockholders by failing to adequately
shop the Company before agreeng to enter into the proposed transaction,
and whether the Company has disclosed all material information to
shareholders about the transaction. The Company has seen substantial
recent growth. Its share price has skyrocketed from $9.49 on June 26,
2012 to $14.40 on August 23, 2013. Further, at least one analyst has set
a target price for the Company's stock at $15.75 per share.
If you are a shareholder of Globecomm, if you have information or would
like to learn more about our investigation, or if you wish to discuss
these matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact Todd
M. Garber, Esquire, of the Law Offices of Todd M. Garber, by telephone
at 213-700-7262 or by email to firstname.lastname@example.org.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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