Globecomm Systems Inc. announced that an investor group led by Wasserstein & Co. has successfully completed the previously announced acquisition of Globecomm.
As a result of the merger, each share of Globecomm common stock (other than shares held by Globecomm as treasury stock and shares as to which holders properly exercised dissenters’ rights) was converted into the right to receive $14.15 in cash, without interest, and Globecomm’s common shares will no longer be publicly traded.
As previously announced, the merger was approved by Globecomm’s stockholders at a special meeting of the stockholders held on November 22, 2013.
Needham & Company served as exclusive financial advisor and Kramer Levin Naftalis & Frankel LLP served as legal counsel to Globecomm.