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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.