Law Firm Brower Piven Announces Investigation of Globecomm Systems, Inc. Proposed Buyout
August 26 2013 - 12:23PM
Business Wire
The securities litigation firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches
of fiduciary duty to current shareholders of Globecomm Systems,
Inc. (“Globecomm” or the “Company”) (NASDAQ: GCOM) and other
violations of state law by the board of directors of Globecomm
relating to the proposed buyout of the Company by an affiliate of
Wasserstein & Co. The firm’s investigation seeks to determine,
among other things, whether the board of directors of Globecomm
breached their fiduciary duties by failing to maximize shareholder
value.
According to the press release announcing the proposed buyout,
Globecomm shareholders will receive $14.15 per share in cash for
each share of Globecomm common stock they own. According to Yahoo!
Finance, the high analyst price target is $18.00 and the mean price
target is $16.45 per Globecomm share.
If you currently own common stock of Globecomm and would like to
learn more about the investigation being conducted by Brower Piven,
you may email or call Brower Piven, who will, without obligation or
cost to you, attempt to answer your questions. You may contact
Brower Piven by email at hoffman@browerpiven.com, by calling (410)
415-6616, or at Brower Piven, A Professional Corporation, 1925 Old
Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven
have combined experience litigating securities and other class
action cases of over 60 years.
Brower Piven, A Professional CorporationStevenson,
MarylandCharles J. Piven, (410) 415-6616hoffman@browerpiven.com
Globecomm Systems (NASDAQ:GCOM)
Historical Stock Chart
From Aug 2024 to Sep 2024
Globecomm Systems (NASDAQ:GCOM)
Historical Stock Chart
From Sep 2023 to Sep 2024