Globecomm Going Private Proposal Investigated By The Securities Attorneys At The Briscoe Law Firm And Powers Taylor, LLP

Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the going private proposal of Globecomm Systems, Inc. (“Globecomm”) (NasdaqGS: GCOM) with Wasserstein & Co. for shareholders. Under the terms of the proposed agreement, valued at approximately $340 million, Globecomm shareholders are expected to receive $14.15 per share in cash, well below at least one analysts estimated value of $18.00.

If you are an affected investor, and you want to learn more about the lawsuit or join the action, please contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, via email at WBriscoe@TheBriscoeLawFirm.com or Zach Groover at Powers Taylor, LLP, toll free (877) 728-9607 or via email at shareholder@powerstaylor.com. There is no cost or fee to you.

The Globecomm sale investigation centers on whether shareholders are receiving adequate compensation for their shares in the proposed deal, whether the transaction properly values Globecomm stock, and whether Globecomm’s board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. At least one analyst with Yahoo! Finance estimates that the true inherent value of Globecomm could be as high as $18.00 per share, well above the proposed sale price.

The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

Copyright Business Wire 2010

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