Jones Day Guides Wasserstein To $340M Globecomm Buy

Law360, New York (August 26, 2013, 2:12 PM EDT) -- Los Angeles private equity firm Wasserstein & Co. will scoop up communications industry servicer Globecomm Systems Inc. in a take-private deal worth $340 million that comes several months after the company announced it was exploring the possibility of a sale, the firms said Monday.

Globecomm shareholders will receive a $14.15-per-share payout as part of the deal, a 22 percent premium over the company's close on Jan. 14, the day before it revealed plans to explore its strategic options to unlock new value for stockholders. The company's...
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