ORBCOMM sale to GI Partners on track

ORBCOMM said earlier this week that the takeover by GI Partners is on track to close in the second half of 2021.
Announcing the expiration of the 30-day “go-shop” period “under the terms of the merger agreement between ORBCOMM and GI Partners, (…) which was previously announced on April 8, 2021”, it said that “no alternative acquisition proposals were received by ORBCOMM during the ‘go-shop’ period”.
“Pursuant to the merger agreement, during the …

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Source: The Loadstar

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