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ORBC - FCC nods ORBCOMM for GI Partners acquisition
ORBCOMM Inc.
Federal Communications Commission (or FCC) approves the transfer of control of ORBCOMM’s (NASDAQ:ORBC) authorizations in connection with the previously announced acquisition of ORBCOMM by GI Partners, a leading US-based investor in data infrastructure businesses. Approval satisfies one of the conditions to the closing of the proposed acquisition. Closing expected in early September 2021. A quick look at company's recent earnings report. Shares +1.4% during after hours