PE firm to take Globecomm private for $340 million

(Reuters) - Satellite communications provider Globecomm Systems Inc agreed to be taken private by investment firm Wasserstein & Co for about $340 million. Wasserstein's offer of $14.15 per share in cash represents a 1.73 percent discount to Globecomm's closing price on Friday. Globecomm shares fell 3 percent to $13.95 on the Nasdaq on Monday morning, trading well below the offer price. The stock had risen 24 percent to Friday since the company said in January that it was exploring strategic alternatives. ...



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