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ORBCOMM to be acquired by GI Partners for ~$1.1B

Apr. 08, 2021 8:09 AM ETORBCOMM Inc. (ORBC)ORBCBy: Niloofer Shaikh, SA News Editor11 Comments
  • ORBCOMM (NASDAQ:ORBC) to be acquired by GI Partners, a leading US-based investor in data infrastructure businesses, in an all-cash transaction of ~$1.1B, including net debt.
  • ORBCOMM stockholders will receive $11.50 in cash per outstanding share, representing a premium of ~52% to closing share price

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Comments (11)

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to the author, a point of inquiry ....is there possible advantage to holding on to my shares until the deal actually closes,,or,,,I might as well sell right now because it's a done deal, and that's the price, period !!
Sell now and use the cash to buy yourself something nice... like some $AAPL or $SOXL.
I'll take $11.50

Thanks GI Partners!
dankmoat profile picture
Lazy here, does anyone know the "90-day volume-weighted average share price through that date."
rod_s profile picture
Great news for patient ORBC longs. Wish we could have ridden this one out independently, but I'll take the win. Congrats!
LT will be worth more if not bought.
sweeeeet ; )
Adambombfx profile picture
Sensational !!! Been in this since $2.44 now have 2,500 shares that are worth a minimum of $11.50 p.s............. searching now where to put this profit when the deal closes .
Chris Lau profile picture
DIY Triple strikes again. A marketplace pick since q3/2020.
Updated: seekingalpha.com/...

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