Globecomm Systems Inc.NASDAQ
GCOM is defunct.
  • Aug. 26, 2013, 10:07 AM
    • Globecomm Systems (GCOM -3.5%) has been acquired by P-E firm Wasserstein & Co. for $14.15/share. The transaction is valued at approximately $340M.
    • Investors expected a higher price. The stock has fallen off Friday's close of $14.40 and now sits at $13.95.
    • Globecomm stock climbed steadily since Jan., when the company hired Needham to review strategic alternatives. The acquisition represents a 21.9% premium to the price of GCOM prior to the Needham announcement.
    • The transaction is expected to close in Q4.
    | Aug. 26, 2013, 10:07 AM
  • Jan. 14, 2013, 4:18 PM

    Globecomm (GCOM) +5.6% AH after announcing it has hired Needham to "review potential strategic alternatives." The satellite services firm adds it now expects FY13 (ends June 30) revenue of $320M-$340M and EPS of $0.66-$0.71; the former is below a $364M consensus, but the latter is largely above a $0.66 consensus. (PR)

    | Jan. 14, 2013, 4:18 PM
  • May 11, 2011, 1:54 PM
    Shares of Globecomm Systems (GCOM +10.3%) surge after news that the satellite-based communications company has hired JPMorgan as a financial advisor, a move that could lead to a sale of the company. A potential deal could value the company at $22/share, according to Deal Reporter.
    | May 11, 2011, 1:54 PM