WILMINGTON, Del., Sept. 27, 2013 /PRNewswire/ -- Rigrodsky
& Long, P.A.:
- Do you own shares of Globecomm Systems Inc. (NASDAQ GS:
GCOM)?
- Did you purchase any of your shares prior to August 26, 2013?
- Do you think the proposed buyout price is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Globecomm
Systems Inc. ("Globecomm" or the "Company") (NASDAQ GS: GCOM)
regarding possible breaches of fiduciary duties and other
violations of law related to the Company's entry into an agreement
to be acquired by an affiliate of Wasserstein & Co.
("Wasserstein") in a transaction valued at approximately
$340 million.
Click here to learn more:
http://www.rigrodskylong.com/investigations/globecomm-systems-inc-gcom.
Under the terms of the agreement, public shareholders of
Globecomm will receive $14.15 per
share in cash for each share of Globecomm they own.
The investigation concerns whether Globecomm's board of
directors failed to adequately shop the Company and obtain the best
possible value for Globecomm's shareholders before entering into an
agreement with Wasserstein. According to Yahoo! Finance, at
least one analyst has set a price target for Globecomm stock at
$18.00 per share.
If you own the common stock of Globecomm and purchased your
shares before August 26, 2013, if you
have information or would like to learn more about these claims, or
if you wish to discuss these matters or have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Seth Rigrodsky or Gina
Serra at Rigrodsky & Long, P.A., 825 East Gate
Boulevard, Suite 300, Garden City, New
York 11530, by telephone at (888) 969-4242; by e-mail to
info@rl-legal.com, or at:
http://www.rigrodskylong.com/investigations/globecomm-systems-inc-gcom.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes
securities class, derivative and direct actions, shareholder rights
litigation and corporate governance litigation, on behalf of
shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a
similar outcome.
CONTACT:
Rigrodsky & Long, P.A.
Seth Rigrodsky
Gina Serra
(888) 969-4242
(516) 683-3516
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
SOURCE Rigrodsky & Long, P.A.