NEW YORK, Aug. 27, 2013 /PRNewswire/ -- Levi &
Korsinsky is investigating the Board of Directors of Globecomm
Systems Inc. ("Globecomm" or the "Company") (NasdaqGS: GCOM) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to an affiliate of
Wasserstein & Co.
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Click here to learn more about the investigation
http://zlk.9nl.com/globecomm-systems-inc-gcom/, or
call: 877-363-5972.
Under the terms of the transaction, Globecomm shareholders will
receive $14.15 in cash for each share
of Globecomm stock they own. The transaction has a total
approximate value of $340 million.
The investigation concerns whether the Globecomm Board of Directors
breached their fiduciary duties to stockholders by failing to
adequately shop the Company before agreeing to enter into this
transaction, and whether Wasserstein & Co. is underpaying for
Globecomm shares. In particular, Globecomm shares have traded
higher than the offer price as recently as August 16, 2013, and at least one analyst set a
price target for Globecomm stock at $18.00 per share.
If you own common stock in Globecomm and wish to obtain
additional information or discuss your rights, please contact
Joseph E. Levi, Esq. either via
email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/globecomm-systems-inc-gcom/.
Levi & Korsinsky is a national firm with offices in
New York, New Jersey and Washington D.C. The firm has extensive
expertise in prosecuting securities litigation involving financial
fraud, representing investors throughout the nation in securities
and shareholder lawsuits. The attorneys at Levi & Korsinsky
have been appointed by numerous courts throughout the country to
serve as lead counsel on behalf of shareholders in major securities
lawsuits and have successfully recovered multimillion-dollar
damages awards on behalf of investors. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP