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home / news releases / orbcomm drops after receiving no offers in go shop p


ORBC - Orbcomm drops after receiving no offers in go-shop period

Orbcomm (ORBC) fell 1.7% after announcing the company didn't receive any alternative acquisition proposals during go-shop period.Orbcomm and its advisers engaged with more than 50 parties during go shop period, according to a statement. The deal is expected to close in the second half of the year.Last Month, Orbcomm agreed to sell itself to GI Partners for about $1.1B, or $11.50/share in cash.

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Orbcomm drops after receiving no offers in go-shop period
Stock Information

Company Name: ORBCOMM Inc.
Stock Symbol: ORBC
Market: NASDAQ
Website: orbcomm.com

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