Rigrodsky & Long, P.A. Announces Investigation Of Globecomm Systems Inc. Buyout
27 Agosto 2013 - 5:10PM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of Globecomm
Systems Inc. (NASDAQ GS: GCOM)?
- Did you purchase any of your shares
prior to August 26, 2013?
- Do you think the proposed buyout
price is too low?
- Do you want to discuss your
rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Globecomm
Systems Inc. (“Globecomm” or the “Company”) (NASDAQ GS: GCOM)
regarding possible breaches of fiduciary duties and other
violations of law related to the Company’s entry into an agreement
to be acquired by an affiliate of Wasserstein & Co.
(“Wasserstein”) in a transaction valued at approximately $340
million.
Click here to learn more:
http://www.rigrodskylong.com/investigations/globecomm-systems-inc-gcom.
Under the terms of the agreement, public shareholders of
Globecomm will receive $14.15 per share in cash for each share of
Globecomm they own.
The investigation concerns whether Globecomm’s board of
directors failed to adequately shop the Company and obtain the best
possible value for Globecomm’s shareholders before entering into an
agreement with Wasserstein. According to Yahoo! Finance, at least
one analyst has set a price target for Globecomm stock at $18.00
per share.
If you own the common stock of Globecomm and purchased your
shares before August 26, 2013, if you have information or would
like to learn more about these claims, 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 Brian Long or Shaye Fuchs at Rigrodsky & Long, P.A.,
825 East Gate Boulevard, Suite 300, Garden City, New York 11530, by
telephone at (888) 969-4242; by e-mail to info@rl-legal.com, or at:
http://www.rigrodskylong.com/investigations/globecomm-systems-inc-gcom.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
Rigrodsky & Long, P.A.Brian LongShaye
Fuchs888-969-4242516-683-3516Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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