Wasserstein & Co. will buy Globecomm for about $340...
Wasserstein & Co. will buy Globecomm for about $340 million. An affiliate of Wasserstein signed a definitive agreement to buy the satellite technologies company for $14.15 per share in cash, Globecomm said in a news release Monday (http://bit.ly/17f0eqX). It said…
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the purchase price represents a premium of 22 percent over the closing price on Jan. 14, the day Globecomm disclosed it hired an investment bank to help it consider alternatives. Globecomm said it expects consolidated revenue to be about $319.6 million for the fiscal year ended June 30.